Club Olimpia is a Paraguayan sports club based in the city of Asunción. The club promotes the practice of various sports with most importance given to the football and basketball sides, the former being the highest priority and most successful. They were founded on July 25, 1902 by a group of young Paraguayans, and the name stems from the idea of its principal founding member, William Paats, a Dutchman based in Paraguay, who is considered the father of Paraguayan football for having introduced the practice of the sport in the South America country. Internationally, the club is referred to as Olimpia Asunción in order to distinguish itself from Latin American football clubs of the same name.
Olimpia are the most decorated institution in Paraguayan football with 40 domestic titles to date. El Decano or Rey de Copas, as they are popularly known, also holds the record of winning six consecutive Primera division titles, the only Paraguayan club to have achieved a hexacampeonato.