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On 28 February 1904, a group of former students from the Real Casa Pia de Lisboa and members of Associação do Bem met at the back of Farmácia Franco on Rua de Belém with the goal of forming a social and cultural football club, which would be called Sport Lisboa.
There were a total of 24 people who attended the meeting, including Cosme Damião, who would be the club's most important leader in the first decades.
In this meeting, José Rosa Rodrigues was appointed as club president, along with Daniel Brito as secretary and Manuel Gourlade as treasurer.
It was defined that the club's colours would be red for bravery and white for peace.
In 1913, Benfica moved to their first football grass field, Campo de Sete Rios.
Four years later they moved to Campo de Benfica because of a high rent.
Benfica is honoured in three Portuguese Orders: those of Christ, of Merit and of Prince Henry.Benfica is the most supported Portuguese club, with an estimated 14 million supporters worldwide, and the European club with the highest percentage of supporters in its own country.By the end of 2016, Benfica had 184,264 paying members.They then moved to their own stadium, Estádio das Amoreiras, in 1925.
The Portuguese league began in 1934, and after finishing third in the first edition, Benfica won the next three championships in a row (1935–36, 1936–37, 1937–38).
Benfica were one of two teams, along with Barcelona, to break Real Madrid's dominance in the European Champion Clubs' Cup by winning two consecutive European Cup titles, the first one against Barcelona in 1961 (3–2) where they were presented with European Team of the Year by France Football.