Complex sentence: The team was formed May 20,1939 as Carta Blanca (a local beer brand, owned by Cervecería Cuauhtémoc Moctezuma which owned the team), 1942 the Team was renamed to Industriales and in 1948 it was renamed again to their current name, Sultanes.
Split into simpler sentences: The team was formed on May 20,1939, as Carta Blanca (a local beer brand, owned by Cervecería Cuauhtémoc Moctezuma which owned the team). In 1948 it was renamed again to their current name, Sultanes.