The club was founded on July 28, 1927 by a group of young enthusiasts from El Callao who got together to fulfill the dream of a very important local football fan Gualberto Lizárraga to start a football club. The day before Peru's independence day, July 27, they held a meeting and at midnight, the group sang the National Anthem. Afterwards, they declared the club founded and named Lizárraga president and unanimously voted for the club name to be Sport Boys Association.