• ​This is an original, highly collectible Annual Report and Financial Balance (Memoria y Balance Anual) published by Club Atlético Peñarol in 1948 (Montevideo, Uruguay).
• ​This rare, historical document offers a detailed look into the club's administration, finances, and sporting activities right before their famous "La Máquina" era. A must-have for serious Peñarol or Uruguayan soccer history collectors.
• ​⚽ Key Content Highlights:
• ​Financial Synopsis (1891-1948): Historical financial tables and statistics.
• ​Player Transfers (1948 Season): Lists of players acquired and transferred.
• ​Sporting Activities: Detailed results and summaries, including the "Campeonato de Honor".
• ​Original Condition: Shows signs of age consistent with a nearly 80-year-old paper document (staining, edge wear), but fully intact and legible. Please examine all photos for the actual condition.
• ​📦 Shipping & Logistics:
• ​Shipping Method: FAST INTERNATIONAL SHIPPING! Shipped via DHL Express (or similar courier) with tracking.