After becoming champions of the Segunda Division in 1998, Atlético Balboa ascended to the Primera Division where in their first season they finished runner-up thanks to the coaching effort of José Mario Martínez and Oscar Emigdio Benítez and great players such as Franklin Vinosis Webster and Elvis Perreira.
•
Atlético Balboa were in financial- and team crisis again and this time they could not get out of the relegation battle and eventually lost to Vista Hermosa despite Nelson Mauricio Ancheta best effort.
Atlético Nacional | Atlético Madrid | Club Atlético River Plate | Club Atlético Independiente | Balboa | Club Atlético Lanús | Club Atlético Atlanta | Club Atlético 3 de Febrero | Rocky Balboa | Club Atlético Huracán | Balboa, Panama | Club Atlético Vélez Sársfield | Club Atlético River Plate (Uruguay) | Rocky Balboa (film) | Club Atlético Tigre | Atlético Huila | Nacional Atlético Clube Sociedade Civil Ltda. | Club Atletico River Plate Puerto Rico | Centro Atlético Fénix | Atlético Bucaramanga | Unión Atlético Maracaibo | Rocky Balboa (character) | Club Atlético San Isidro | Club Atlético Platense | Bangu Atlético Clube | The Baileys of Balboa | Marcelo Balboa | Instituto Atlético Central Córdoba | Grêmio Atlético Farroupilha | Clube Atlético Paranaense |