Asociación Civil Deportivo Lara

On May 9, 2010, the team sealed its qualification for the 2010 Copa Sudamericana, after placing fourth in the 2009–10 season's aggregate table, bringing back an international tournament to the Lara state after 44 years when Lara FC did so in 1966 but in the Copa Libertadores back then.

Deportivo Lara played their first leg at home on August 17 against Colombia's Santa Fe at the Estadio Metropolitano de Cabudare with a favorable outcome for the local 2–0, and the second leg was held at El Campín in Bogotá on Thursday August 26. There, the club could not maintain their lead and fell by the score of 4–0 leaving the competition with an aggregate score of 4–2 in favor of Santa Fe.

In December 2010 the club hired coach German "Basílico" González, who brought a new coaching staff including Arturo Boyacá and Óscar Gil as technical assistants. After poor results González left the club, and Óscar Gil took the helm.

Gil took over the club in Week 14 against Estudiantes de Mérida in which he took the win 1–0 at the Metropolitano de Cabudare stadium, then faced Caroní at Cachamay winning 0–3, then a defeat at home to Monagas 1–3 and finally managed to finish the tournament with a 0–4 win in a game played in Caracas. Previously, he had served as interim coach in the win against Yaracuyanos by a score of 1–4, which gave him one of the first joys to all Lara fans.

But Gil decided not to stay for the upcoming season, although the Red & Black would not be too long without coach, since on June 3, 2011 coach Eduardo Saragó signed for three seasons with the club. That same day a press conference was held to open the club's new headquarters. This began a promising project, as it had taken in consideration the youth teams of the club, and there were transfers of experienced players such as Miguel Mea Vitali, Edgar Pérez Greco, Rafael Castellín, David McIntosh, Vicente Suanno, José Manuel Rey, Norman Baquero, Marcelo Maidana, Bladimir Morales, and for a long-term project which made them long contracts.

After a dream season, the Red & Black managed to become overall champions of the 2011–12 Venezuelan Primera División after winning the 2011 Apertura unbeaten by beating Mineros de Guayana with a 5–1 score, and also winning the 2012 Clausura by defeating Mineros de Guayana again, this time by a 1–0 score. Thus, Deportivo Lara closed the season as the third team in Venezuelan football history to win both tournaments in a season (after Caracas managed to do so in 2003–04 and Unión Atlético Maracaibo who did it in 2004–05) and the first team to do so since the expansion of teams in 2007, with an accumulated campaign of 25 wins, 8 draws and just one loss, accumulating 83 points (record of points obtained in a Venezuelan football season), which allowed them to obtain qualification for both the 2012 Copa Sudamericana and the 2013 Copa Libertadores.

Due to family issues, Eduardo Saragó decided not to continue in charge of the team, and his assistant Lenín Bastidas was promoted to head coach in the hopes of guaranteeing the long-term success of the process started with Saragó.[2]

After the end of the 2011–12 season, the club started experiencing financial problems due to an investigation opened on Arid García, owner of the club at the moment, which made it accumulate a debt of 30 million bolívars.[3] In spite of the situation, the team's on-field performances were still positive, and the club was eventually taken over by the Lara state government, which stabilized the club's financial situation and later sold it to businessman Énder Luzardo in 2013.[4]

Coach Rafael Dudamel was appointed as manager for the 2014 Clausura tournament, and with him at the helm Deportivo Lara made it to the Serie Sudamericana in 2015 and also advanced to the final of the 2015 Copa Venezuela, which they lost against Deportivo La Guaira, whilst in that same year they made it to the knockout stage of the 2015 Adecuación tournament, losing to that same team in the quarter-finals. Dudamel left the team in 2016, after being appointed as Venezuela national football team coach.[5]

In that same year, Luzardo transferred his shares in the club to Jorge Giménez and Silvio Ochoa, who brought Leonardo González as new manager. With González at the helm, Deportivo Lara advanced to the final stages of the 2016 Clausura and the Copa Venezuela semifinals, and won the 2017 Clausura tournament, defeating Mineros de Guayana in the final.[5] The victory in the Clausura qualified Deportivo Lara for the season's Serie Final, where they faced the Apertura winners Monagas. Despite having won the first leg in Maturín by a 1–0 score, Deportivo Lara were denied their second Primera División title as Monagas won the second leg at the Estadio Metropolitano de Cabudare by a 2–0 score.[6] The runner-up finish in the 2017 season allowed Deportivo Lara to qualify for the group stage of the 2018 Copa Libertadores, where they placed last in their group despite getting two wins at home against Independiente and Colombian side Millonarios.

In 2018 Deportivo Lara once again won the Clausura tournament, beating Deportivo La Guaira in the final, but ended up as season runners-up again after losing the Serie Final to Zamora, and in 2020 they defeated Caracas to claim third place in the season.

In July 2021 Jorge Giménez was elected as president of the Venezuelan Football Federation (FVF) and left the club, being replaced by Daniel Villasmil, who in turn passed the baton to Khalil Yusef in March 2022. The club began to fall behind in its payments, while at the same time the situation on the field was not much better as the team drifted through the bottom of the table in the league season. Manager Eduardo Saragó, who returned to the club after being signed in July, resigned just one week after taking over upon noticing the financial situation of the club's players.[7] Saragó was replaced by Jesús Ortiz, with whom Deportivo Lara started a comeback that allowed them to avoid relegation and also qualify for the final stages of the competition, narrowly missing out on a Copa Sudamericana berth.

By the start of 2023, and with Deportivo Lara's debts already totaling more than a million USD and some of the club's players and staff announcing their departure, club president Yusef agreed to hand over the administration of the club to the Lara state government until a new owner could be found.[8][9] However, that debt played a major factor in leading the FVF to refuse granting Deportivo Lara the club license required to compete in the 2023 Primera División season.[10] The club did not enter any competition for the 2023 season, due to its administrative issues.[11]

Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.