The club was founded with the name Sport Alianza on 15 February 1901 by workers in the Alianza Racing Horse Stud, then property of twice President of Peru Augusto B. Leguía.[12] The stud was located in downtown Lima
The club is one of the oldest professional football teams in Peru. It was founded on 15 February 1901, as Sport Alianza, named for the stable that hosted its first games. It is the only surviving founding member of the Peruvian Football League, created as an amateur level league in 1912. The club's first kit was green and white, honoring founding member Eduardo Pedreschi's Italian heritage. Beginning in that first season, the colors of the Alianza stables, blue, white and black were used, and by the 1920s the classic vertically-striped jersey had become the definitive kit. The club changed its name to Alianza Lima in 1920. The League turned professional in 1951.
Alianza participated in the amateur era of the Peruvian football league from that inaugural season, winning its first title in 1918. During its first years, it played irregularly against other teams from Lima and the port of Callao. Its matches against Atlético Chalaco from Callao stirred interest as a clash between limeños and chalacos. Sport Alianza had started to become a popular team drawing large support and this was the first derby or "clasico".
Alleged four-in-a row and relegation
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The Alianza Stud changed owners and locations continuously and, consequently, the team was forced to relocate in turn, until 1928, when under the new name Alianza Lima, the club settled at the third block of the Manco Capac avenue in the La Victoria District, where it would stay and become the emotional home-base for club and fans alike.
That same year Alianza played against the Federación Universitaria (University Federation) for the first time. This club which would later be renamed Universitario de Deportes and become Alianza's greatest rivals, in what is today the most important Peruvian derby.
The 1930s brought great joy and frustration to the team. In 1931, 1932, 1933 and 1934, Alianza Lima won four championships in a row, for the first and so far only time in Peruvian football.[13] However the Peruvian Football Federation did not recognize the championship of 1934 as won by Alianza. The championship was awarded to the club's biggest rival, Universitario.
The memory of the four-in-a-row was tainted by the club's relegation in 1938, but after one season in the Lima Provincial League, one