8. Club Atlético Peñarol (2,04%) is a sports club in Montevideo, Uruguay, best known for its traditional football team, a three-time Intercontinental Cup winner, and five time Libertadores Cup winner. Its foundation date is a matter of controversy: the club´s official position is that it was founded on September 28, 1891 as Central Uruguay Railway Cricket Club by British railway workers, in the Peñarol suburb of Montevideo. On the other hand, it is claimed that the foundation date is December 13, 1913.

Peñarol is named after its home neighborhood in Montevideo, which in turn takes its name from the city of Pinerolo in Italy. Club colors are yellow and black, deriving from the colors used in railway signs and barriers.
In 1960, Peñarol qualifyied as a champion of the Uruguayan championship in 1959, to the then newly created Champions Cup of America (current Libertadores Cup), competition that brought together the champions from seven countries affiliated to the CONMEBOL (although the representatives of Peru, Ecuador and Venezuela did not attend the tournament). Peñarol made its debut in this tournament on April 19, against Club Jorge Wilstermann of Bolivia in a 7-1 thrashing, with the first goal of the match (and the tournament) coming courtesy of Luis Borges.

After eliminating San Lorenzo de Almagro in semifinals, the club won its first continental championship after beating Olimpia of Paraguay. Late in the season, the club lost the final of the Intercontinental Cup, also created that year, after a 0-0 home draw against Real Madrid, in front of 71,872 spectators, losing 1-5 in Spain. Domestically, Peñarol added another title.

In 1961, played a new version of the Champions Cup, but retained its continental title against Sociedade Esportiva Palmeiras; 1-0 at home, with goal by Alberto Spencer, and 1-1 in São Paulo. In the second half of the year Peñarol won the Uruguayan championship, and for the first time in its history, the Intercontinental Cup, by defeating S.L. Benfica of Portugal by a 5-1 aggregate.
After a season without a title, highlighted at the international level by obtaining greatest goal-difference in a Libertadores tie, against Everest of Ecuador, 14-1 overall (5-0 and 9-1),[4]Peñarol won the Uruguayan championship in 1964 and 1965, reaching and losing the Libertadores final in the latter year (to Independiente de Avellaneda. However, in 1966 Peñarol won its third continental silverware, after defeating Club Atlético River Plate in a third match played in Santiago, Chile, 4-2. That same year, a second Intercontinental Cup was won, after overcoming Real Madrid 2-0, both in the Centenario and in Madrid.
After starting the 1980s in third place, in 1981 Peñarol was champion again after overcoming Nacional by three points. The champion team featured the figures of Rubén Paz, tournament's topscorer with 17, and Morena, who returned to the club by a then record fee: U.S. $1,029,000. The following year, Peñarol won the Libertadores Cup after defeating Cobreloa away 1-0, with a last minute goal by Morena, who was also the competition's best scorer at 7. In the second half of the year, Peñarol repeated the win of the Uruguayan championship, again with Morena as scorer with 17 entries, and won for the third time in its history the Intercontinental Cup, against Aston Villa F.C. (2-0, at Tokyo).