On 25 July 1902, a group of ten Paraguayans and one Dutchman created Club Olimpia in Asunción. It is Paraguay's oldest and most successful team, with 39 league titles and three Copa Libertadores trophies.
The original members were Paraguayans Sila Godoy, Fernando S. Pascual, José E. Torres, Gustavo M. Crovatto, Héctor Cabañas, Juan Rodi, Antonio Pedraza, Luis Marecos, Juan Mara and Genaro Gutiérrez Yegros, and Dutchman William Paats, who brought the very first football to Paraguay. He chose the club's name in honor of the Greek city of Olympia, birthplace of the Olympics. Other name candidates included "Paraguay" and "Esparta."
Olimpia won their first league title in 1912 and have won at least one title in every decade since. They enjoyed their most successful period from 1978 to 1983, when they won six consecutive league titles and their first Copa Libertadores (1979). They have also had two undefeated seasons in 1959 (as part of five consecutive titles) and 1993.
They won their last league title in 2011 and won their third Copa Libertadores in 2003, along with that year's Recopa Sudamericana.