1989 Copa Libertadores Finals

Paraguay, officially the Republic of Paraguay, is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. It has a population of 7 million, nearly 3 million of whom live in the capital and largest city of Asunción, and its surrounding metro. Although one of only two landlocked countries in South America, Paraguay has ports on the Paraguay and Paraná rivers that give exit to the Atlantic Ocean, through the Paraná-Paraguay Waterway.

Club Olimpia is a Paraguayan professional sports club based in the city of Asunción. The club promotes the practice of various sports with most importance given to the football, rugby 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 American country. Internationally, the club is referred to as Olimpia Asunción in order to distinguish itself from Latin American football clubs of the same name.

Colombia, officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the Caribbean Sea to the north, Venezuela to the east and northeast, Brazil to the southeast, Ecuador and Peru to the south and southwest, the Pacific Ocean to the west, and Panama to the northwest. Colombia is divided into 32 departments. The Capital District of Bogotá is also the country's largest city. It covers an area of 1,141,748 square kilometers, and has a population of around 52 million. Colombia's cultural heritage—including language, religion, cuisine, and art—reflects its history as a Spanish colony, fusing cultural elements brought by immigration from Europe and the Middle East, with those brought by enslaved Africans, as well as with those of the various Indigenous civilizations that predate colonization. Spanish is the official state language, although English and 64 other languages are recognized regional languages.

Atlético Nacional S. A., best known as Atlético Nacional, is a Colombian professional football club based in Medellín. The club is one of only three clubs to have played in every first division tournament in the country's history, the other two teams being Millonarios and Santa Fe.

Club Olimpia is a Paraguayan professional sports club based in the city of Asunción. The club promotes the practice of various sports with most importance given to the football, rugby 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 American country. Internationally, the club is referred to as Olimpia Asunción in order to distinguish itself from Latin American football clubs of the same name.

Colombia, officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the Caribbean Sea to the north, Venezuela to the east and northeast, Brazil to the southeast, Ecuador and Peru to the south and southwest, the Pacific Ocean to the west, and Panama to the northwest. Colombia is divided into 32 departments. The Capital District of Bogotá is also the country's largest city. It covers an area of 1,141,748 square kilometers, and has a population of around 52 million. Colombia's cultural heritage—including language, religion, cuisine, and art—reflects its history as a Spanish colony, fusing cultural elements brought by immigration from Europe and the Middle East, with those brought by enslaved Africans, as well as with those of the various Indigenous civilizations that predate colonization. Spanish is the official state language, although English and 64 other languages are recognized regional languages.

Atlético Nacional S. A., best known as Atlético Nacional, is a Colombian professional football club based in Medellín. The club is one of only three clubs to have played in every first division tournament in the country's history, the other two teams being Millonarios and Santa Fe.

Estadio Defensores del Chaco is a multi-purpose stadium in Asunción, Paraguay. It is currently used mostly for football matches. The stadium once had a 50,000+ capacity, however over the years the stadium has undergone remodeling, dropping the capacity to 42,354. It underwent renovations during 1939, 1996 and 2007. The stadium was again renovated in 2015. It has more than 100 years as a stadium. It is one of the places with most history in Paraguayan football. In 1960, the stadium was the venue of the first final of the Copa Libertadores. The stadium receives visits from the public from Monday to Friday from 8:30 to 12:00 and 14:00 to 16:00 with free access.

Asunción is the capital and the largest city of Paraguay.

The Brazilian Football Confederation is the governing body of football in Brazil. It was founded on Monday, 8 June 1914, as Federação Brasileira de Sports, and renamed Confederação Brasileira de Desportos in 1916. The football confederation, as known today, separated from other sports associations on 24 September 1979. Between 1914 and 1979 it was the governing body, or at least the international reference, for other olympic sports, such as tennis, athletics, handball, swimming and waterpolo. It currently has the most wins on FIFA world cups, with a total of five.

Gustavo Benítez is a retired Paraguayan football defender and coach.