Rangers de Talca

The club's name comes from Juan Greenstreet, a Scotsman, who had arrived in Chile a few years earlier to work on the farm of Doña Amalia Neale de Silva. Glasgow, and was accepted by the rest of the club's founding members despite initial reservations about it being a foreign name.

The origin of the chosen team colours, red and black, are unknown, though one of the possibilities was that some of the first players were also members of the Second Company of Firemen of Talca, whose shield was red and black. Another possible reason is the use of red and black in the socks of Rangers of Scotland (formed 1872) to represent the district colours of their local burgh of Govan. Fans of the Scottish club returned to using red and black scarves in 2012 to help raise funds for the club.

In 1952 was accepted into the Segunda División, and won the runners-up spot after finishing second in the league tournament final, getting the promotion to Primera División.

Rangers qualified for the Copa Libertadores in 1970, being its only participation in a CONMEBOL international tournament.

Throughout their first century of existence, honours have been few and far between, with no Championship successes.

Rangers was relegated in 2009 after being assessed a three-point penalty for using too many non-Chilean players in a November 8 match. The club filed a lawsuit in a Chilean court, leading to a threat from FIFA to throw out the Chile national team of the 2010 World Cup if the case continued. Under pressure from creditors, Rangers dropped the lawsuit on November 27, shortly after FIFA's demand. The case delayed the start of the league's playoffs.

In 2010, the club was auctioned and purchased by a business group called "Piduco SADP".

On November 27, 2011, Rangers was promoted to Primera División after beating Everton de Viña del Mar in the final match. Manager Dalcio Giovagnoli was fired in 2013, and replaced by Fernando Gamboa, who was considered mainly responsible of the team's relegation in 2014. Gamboa was fired too, but current manager Jorge Garcés wasn't able to avoid the side's relegation after two and a half years in the first division of Chilean football to the second division, the Primera B after finishing in the last place of both the Clausura and the accumulated table. The club's new owners confirmed Garcés will remain as the club's manager for the 2014–15 season, with the goal of gaining promotion to the first division.

In October 2014, in a ceremony at the Talca Country Club, the marquess Luis Silva de Balboa transferred the trademark Rangers to the club. The trademark was his property until such time, and by a legal agreement, the transfer contains restrictions as to the limitation for the club to move out of the City of Talca of its ownership in hands other than people from Talca.