Although other sports were practised at the club, Lobos Athletic is mostly known for its football team, who took part in the Primera División championships until its disaffection, being runner-up in 1898 and 1899.

[1] Nowadays Lobos AC plays in "Liga Lobense de Fútbol", a regional league of Buenos Aires Province.

Other persons that took part in club's foundation were Carlos Page, Patricio Kirk, Tomás Mackeon, Tomás Garraham, Santiago Mackeon, Eugenio Seery, Juan Geoghehan, José Garrahan, Lorenzo Owens, Felix Dolan, Hugo Lawlor, Eduardo Walsh, William Weir, José Joyce, Eusebio Eguino, Eduardo Slamon and Eduardo Burbridge Jr.[5][6] Those young people studied at the English High School of Buenos Aires (where legendary team Alumni was founded) and because of their contacts with other students, Lobos AC played some matches facing Once de Carlos Bowers, Ferrocarril Sud, Quilmes, St. Andrew's and English High School, all of them in 1893.

On July 30, 1899, Lobos was also the first Argentine football team to go on a tour outside the country, playing some friendly matches in Uruguay where the squad achieved a notable 2–0 win over CURCC (current Peñarol).

[5] That same year the Argentine Football Association ruled that its clubs should be their fields located no more than 30 km from the city of Buenos Aires, which caused Lobos AC disaffiliated from the union.