Capitanes de Ciudad de México

The Mexican capital had lacked a competitive basketball team for a decade. In an attempt of reanimating the passion for basketball in Mexico City, a group of investors led by Moisés Cosío, announced the foundation of this new franchise.[4] The group of investors accepted that the situation was challenging but Jordi Funtantet stated: "It means a challenge and a very big opportunity, a challenge because as you say, it comes back and we have to assure the fans that we will be here for them (...) we are a team that can place their trust where they can deposit their passion for the basketball."[7] It would be the first Liga Nacional de Baloncesto Profesional (LNBP) team not economically linked to the government and with totally private investment.

The players that were aimed to be brought into this new franchise were to be a solid base from the national team, and more experienced players from abroad.[7]

The management stated that the team's goal for the season was to qualify for the playoffs with an aim of the semifinal. The head coach for the season, was to be the Spaniard Ramón Díaz, who had been previously involved with the National Team, as an assistant coach. The state of the Gimnasium was improved, including dressing rooms, and the playing surface.[8]

Their first preseason game ended in defeat against an amateur side. Their first official game was played on October 13, and ended in a 90–87 win for the Capitanes, against the Aguacateros de Michoacán.[9] Their first season went extraordinarily, specially considering they were a new team. The Capitanes amassed a total of 21 wins in their first 30 matches, powered by an outstanding offense commanded by Pedro Meza, Fernando Bénitez, and Emmanuel Ándujar, who all received call ups to the All Star game in early December, along with head coach Ramón Díaz.[10]

In December 2019, commissioner Adam Silver of the National Basketball Association (NBA) announced Capitanes were joining the NBA G League.[11] The initial plan was starting from the 2020–21 season, the team would play in the G League for five seasons and be the first team outside the United States and Canada. However, due the restrictions in place during the COVID-19 pandemic, the season was postponed and eventually played at a single site in Orlando, Florida, for an abbreviated 2021 season without the Capitanes. The team announced it still plans to join the G League in 2021–22.[12] On May 7, 2021, Nick Lagios was named the team's general manager.[13] Due to the ongoing travel restrictions during the pandemic, the Capitanes were only scheduled to play 12 games in the 2021 G League Showcase Cup with all games in the United States. The team is based in Fort Worth, Texas, for the season so players do not have to cross the border during the restrictions.[14]

On November 5, 2021, the Capitanes defeated the Memphis Hustle 95–90 in their first official G League game.