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=== 1991–1999: International success === {{multiple image |align=right |direction=horizontal |total_width = 320 |image1 = |caption1 = Players of Colo-Colo celebrating the Copa Libertadores won in 1991 |image2 = Camiseta Colo-Colo 91.jpg |caption2 = Colo-Colo's uniform at the [[1991 Copa Libertadores Finals]] }} The 1990s was the most successful decade in the club's history gaining both domestic and international titles. [[Eduardo Menichetti]] was president of the club between 1990–1995<ref>{{cite news |last1=Comunicaciones |first1=Compañia Chilena de |title=Ex presidente de Colo Colo Eduardo Menichetti falleció a los 56 años |url=https://www.alairelibre.cl/noticias/deportes/futbol/colo-colo/ex-presidente-de-colo-colo-eduardo-menichetti-fallecio-a-los-56-anos/2007-07-08/094809.html |work=alairelibre.cl |language=Spanish}}</ref> and Croatian [[Mirko Jozić]] arrived as coach, leading the team towards its first ''Bicampeonato'' for winning two national championship league titles in a row.<ref>{{cite web |first = Eduardo |last = Espina |year = 2005 |url = https://www.rsssf.org/tablesc/chile90.html |title = Chile 1990 |work = Rec.Sport.Soccer Statistics Foundation ([[RSSSF]]) |access-date = |archive-date = 5 October 2022 |archive-url = https://web.archive.org/web/20221005215719/https://www.rsssf.org/tablesc/chile90.html |url-status = live }}</ref> On 5 June 1991, after beating [[Club Olimpia|Olimpia]] 3–0 at the Monumental with two goals scored by [[Luis Pérez (Chilean footballer)|Luis Pérez]] and one by [[Leonel Herrera Silva|Leonel Herrera]], Colo-Colo became the first Chilean team to win a [[Copa Libertadores 1991|Copa Libertadores]]. That same season, the "Albos" lost the [[Intercontinental Cup (1960–2004)|Intercontinental Cup]] final 3-0 against Yugoslav giants [[Red Star Belgrade]], in Tokyo.<ref>{{cite web |date = 23 October 2008 |url = http://www.dalealbo.cl/copa-intercontinental-1991-estrella-roja-3-0-colo- |title = Copa Intercontinental 1991: Estrella Roja 3–0 Colo Colo |work = Dalealbo.cl |access-date = 23 March 2013 |archive-url = https://web.archive.org/web/20130406031844/http://www.dalealbo.cl/copa-intercontinental-1991-estrella-roja-3-0-colo-/ |archive-date = 6 April 2013 |url-status = dead }}</ref> At local level, the club won the 1991 league season, its third-consecutive title thus achieving its first ''Tricampeonato''.<ref>{{cite web |first = Eduardo |last = Espina |year = 2005 |url = https://www.rsssf.org/tablesc/chile91.html |title = Chile 1991 |work = Rec.Sport.Soccer Statistics Foundation ([[RSSSF]]) |access-date = |archive-url = https://web.archive.org/web/20130314170905/http://rsssf.com/tablesc/chile91.html |archive-date = 14 March 2013 |url-status = live }}</ref> The following season, the club won the [[1992 Recopa Sudamericana|Recopa Sudamericana]], after beating Brazil's [[Cruzeiro Esporte Clube|Cruzeiro]] in a penalty shootout, and also obtained the [[1992 Copa Interamericana|Copa Interamericana]], after winning 3–1 against [[Puebla FC|Puebla]] in Mexico. The last title won by Jozić in Colo-Colo was the 1993 league title, thus closing a successful spell in South America.<ref>{{cite web |first = Eduardo |last = Espina |year = 2005 |url = https://www.rsssf.org/tablesc/chile93.html |title = Chile 1993 |work = Rec.Sport.Soccer Statistics Foundation ([[RSSSF]]) |access-date = |archive-date = 20 March 2023 |archive-url = https://web.archive.org/web/20230320194347/https://www.rsssf.org/tablesc/chile93.html |url-status = live }}</ref> After Jozić's departure came a brief drought in national league titles, but the team managed to achieve an unforgettable 3–0 win over arch rivals Universidad de Chile in the 1995 season. Colo-Colo lifted the 1994 [[Copa Chile 1994|Copa Chile]] title and reached the [[1994 Copa Libertadores]] quarterfinals. The following season saw the arrival of Paraguayan coach [[Gustavo Benítez (footballer, born 1953)|Gustavo Benítez]], who obtained the 1996,<ref>{{cite web |first = Eduardo |last = Espina |year = 2005 |url = https://www.rsssf.org/tablesc/chile96.html |title = Chile 1996 |work = Rec.Sport.Soccer Statistics Foundation ([[RSSSF]]) |access-date = |archive-date = 11 November 2022 |archive-url = https://web.archive.org/web/20221111135605/https://www.rsssf.org/tablesc/chile96.html |url-status = live }}</ref> 1997-C<ref>{{cite web |first = Eduardo |last = Espina |year = 2005 |url = https://www.rsssf.org/tablesc/chile97.html |title = Chile 1997 |work = Rec.Sport.Soccer Statistics Foundation ([[RSSSF]]) |access-date = |archive-url = https://web.archive.org/web/20130315001401/http://rsssf.com/tablesc/chile97.html |archive-date = 15 March 2013 |url-status = live }}</ref> and 1998<ref>{{cite web |first = Eduardo |last = Espina |year = 2005 |url = https://www.rsssf.org/tablesc/chile98.html |title = Chile 1998 |work = Rec.Sport.Soccer Statistics Foundation ([[RSSSF]]) |access-date = |archive-date = 11 November 2022 |archive-url = https://web.archive.org/web/20221111135719/https://www.rsssf.org/tablesc/chile98.html |url-status = live }}</ref> league titles. The team advanced to the semifinals of the [[Supercopa Libertadores]] in [[1996 Supercopa Libertadores|1996]], and of the Copa Libertadores in [[1997 Copa Libertadores|1997]], eliminated on both occasions by Cruzeiro. In 1999, Colo-Colo relived its fortunes like in the 1994 season, finishing fourth in the Chilean league and going through three coaches in the same season: Brazilian [[Nelsinho Baptista]], caretaker coach Carlos Durán and then [[Fernando Morena]] of Uruguay, who remained until 2001.
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