Olimpia Basketball Club, commonly known as Olimpia de Venado Tuerto (, abbreviated Olimpia BBC) is an Argentine professional basketball club, that is based in the city of Venado Tuerto, Santa Fe Province.
The club was established on August 26, 1940, in Barrio San MartÃÂn of Venado Tuerto. In 1991, the team was promoted to the top-tier level Argentine League (LNB). In the 1994âÂÂ95 season, Olimpia reached the Argentine League finals, where they were beaten by Club Sportivo Independiente.
Olimpia won its first Argentine LNB title in the 1995âÂÂ96 season. The roster for that season was: Alejandro Montecchia, Walter Guiñazú, Federico Helale, Jorge Racca, Leonardo Gutiérrez, Lucas Victoriano, Sebastián Uranga, Todd Jadlow, Andrés RodrÃÂguez, Carlos López Jordan, Alejandro Burgos, and Michael Lamont Wilson. The team's head coach was Horacio SeguÃÂ, while Jorge Racca was named the Argentine League MVP. That same year, Olimpia also won the FIBA South American League, after defeating the Brazilian Championship team S.C. Corinthians Paulista, in the final. Jorge Racca was also the MVP of that competition. The club also competed at the 1996 edition of the FIBA Intercontinental Cup.
Nevertheless, the club then entered into a crisis, due to financial problems. By 2009, Olimpia had a debt of $1.5 million, and due to that critical situation, the basketball team disaffiliated itself from the top level Argentine League. The club was still in bankruptcy until 2017, when it finally cleared its debts.