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On December 27, 1945, the owners of the Caracas Brewery (Cervecería Caracas, present day Caracas Lions or Leones del Caracas), Vargas Wisemen (Sabios de Vargas), the Magellan Navigators (Navegantes del Magallanes), and Venezuela BBC created the Venezuelan Professional Baseball League.
The new owners renamed the team (reigning champions by that time) as Caracas Lions (Leones del Caracas), after the full name of the city, Santiago de Leon de Caracas.