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Prior to the club stopping, they successfully competed and during the 2008–09 Portuguese Cup they reached as far as the quarterfinals before losing in penalty kicks to First Division Club Nacional. This match, which was moved from the Coutada Stadium to the new regional stadium in Melgaco, disappointed many followers who did not want to travel during a weekday to a remote location, which became necessary in order for it to be televised. Outside of hosting First Division Club Benfica in a Portuguese Cup match in the early 1980s, the match against Nacional was the most important of the current generation.
There are various prominent alumni associated with the team, the biggest is former manager Jorge Casquilha (2007–08), who is currently managing First Division Newly Promoted Portuguese Club Moreirense
The club president is José Carlos Caçador Marinho. They announced Fernando Rego who is currently 51 years of age as their coach. Valdevez is sponsored by Seguravez, Oliveiros Group, and the Municipality of Arcos de Valdevez.
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