Founded in 1904, the club currently plays in the Paraguayan Primera División, and holds its home games at Estadio Arsenio Erico.

[1] The club was founded on 5 June 1904, by a group of alumni of the Colegio Nacional de la Capital, one of the oldest public schools in Asunción.

'the academy') was given to them because of their excellent youth system that produced great players such as Arsenio Erico, who is considered as the best Paraguayan footballer of all time.

In the semi-finals, they beat Uruguayan club Defensor Sporting 2–1 on aggregate to set up a final with San Lorenzo.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.