It is named after Moysés Lucarelli, the head figure and the main financial collaborator, buying the land and helping in the arrecadation of raw materials.Lucarelli is said to have lost 40% of his vision and also to have developed corneal ulcer during the construction of the stadium, in consequence of the long hours under the hot sun every day.He originally did not want to be honoured, but the club insisted and, taking advantage of a trip Moysés took to Argentina, the stadium was named "behind his back".The stadium's official attendance record currently stands at 34,985, set on February 1, 1978 when São Paulo beat Ponte Preta 3–1.While the official attendance stood at 33.500, a huge crowd gathered around the Majestoso to try to watch the King of Football face Dicá's Ponte, who were the defending champions of the Paulista's second division.