Olimpia Asuncion

Foundation

On November 23, 1901, before the formation of Club Olimpia, William Paats organized a first match between two teams of his students which then made young people to be eager to develop a sport team in Paraguay. Olimpia was founded on July 25, 1902, being the oldest football team in Paraguay. The club was founded by Dutchman William Paats, along with Paraguayans Sila Godoi, Fernando S. Pascual, José E. Torres, Gustavo M. Crovatto, Héctor Cabañas, Juan Rodi, Antonio Pedraza, Luis Marecos, Juan Mara and Genaro Gutiérrez Yegros. The act of foundation was written in the Rodi's family home, located in the streets of Azara and Independencia Nacional in downtown Asunción, Paraguay. That evening, three names for the club were suggested: Paraguay, Esparta and Olimpia. The final decision came to William Paats who chose "Club Olimpia" as the team official name, in honor of the Greek city of Olympia where the Olympic Games were born.

The original kit was composed of a black shirt with the word "Olimpia" written in white across the chest and white shorts. Later, white and black were adopted as the colours for the team, with a white shirt with a horizontal black stripe. The alternate jersey is black with a white stripe, though in 2008 the stripe is vertical.

The early years (1902–1950)

The first national championship in Paraguay was played in 1906, after the foundation of the Paraguayan Football Association (APF). It was not until 1912 that Olimpia won a championship, facing Sol de América in the final. In that same year, Olimpia's biggest rival, Cerro Porteño, was founded.

After a few championships won during the 1910s, Olimpia's next big accomplishment were the three championships in a row in 1927, 1928, 1929 becoming the first Paraguayan team to win three consecutive titles. Olimpia repeated the same feat by becoming champions in 1936, 1937, 1938. The 1940s presented a rough time for Olimpia with bad results for most of the decade; but despite that Olimpia won two titles (1947 and 1948).

The start of dominance (1950–1975)

After the unpleasant times in the 1940s decade Olimpia started to establish its dominance in the Paraguayan league when Manuel Ferreira Sosa assumed the presidency of the club in the mid-1950s. During Ferreira's presidency the football stadium, then named Estadio Manuel Ferreira, was built. However, the most important accomplishment made by Ferreira was the acquisition of several key players that led Olimpia to a record five consecutive championships, from 1956 to 1960 (with an undefeated championship in 1959).

The club also had a first taste of international success in 1960 in the first edition of the Copa Libertadores de América by reaching the finals in which they lost to Peñarol. Ironically, the winning goal for Peñarol in the finals was scored by Uruguayan Luis Cubilla, who later became a coach and led Olimpia to several national and international championships.

The golden years (1975–1986)

The election of new club president Osvaldo Domínguez Dibb in 1975 is a key part in Olimpia's history. The new president hired coach Luis Cubilla, who led Olimpia to its first international cup title when the club defeated Boca Juniors of Argentina in the 1979 Copa Libertadores finals. In the first leg game played in Asunción Olimpia won 2–0. That result allowed Olimpia to play their effective defensive scheme in the famous La Bombonera stadium in the second leg, ending the match in a 0–0 draw that gave the Paraguayan side its first Copa Libertadores.

In that same year, Olimpia won the Copa Interamericana by defeating FAS of El Salvador by an aggregate of 8–3 (first leg result: 3–3, second leg result: 5–0) and the Intercontinental Cup by defeating the UEFA Champions League runner-up Malmö of Sweden 3–1 on aggregate.

Olimpia's success was not limited to the international scene: from 1978 to 1983 the team won a record six-straight Paraguayan league championships (beating their own record set in 1956–60 of five consecutive titles).

Continued success (1986–2000)

After the 1979 Copa Libertadores win, fans were starving for more continental success. For that matter, the club's president, Osvaldo Dominguez Dibb, decided to make a financial effort to bring Raul Vicente Amarilla, a Paraguayan striker that had proven his quality in the Spanish league over the years.

The signing of Oscar Amarilla was as positive for Olimpia as expected, as the team reached the 1989 Copa Libertadores finals but came up short, being defeated by Atlético Nacional. However, it did not take long for Olimpia to take revenge on Atlético Nacional, as they defeated the Colombian side in the semi-finals of the 1990 Copa Libertadores. This semi-final victory allowed Olimpia to play the finals against Barcelona de Guayaquil, beating the Ecuadorians 2–0 in the first leg played in Asunción, and tying 1–1 in Ecuador. This way Olimpia obtained its second Libertadores Cup with a 3–1 aggregate scoreline and a formidable team that had key players such as Almeida, Gabriel González, Samaniego, Amarilla among others.