Carrasco Polo Club was founded as an
equestrian club in 1933 by 40 former members of recently dissolved Montevideo Polo Club, that had been established 3 years earlier. The first president designed by an assembly was Pedro Barcia, who led the club until 1944. Between 1949 and 1952 Carrasco Polo built its new facilities and polo fields. In 1949, "rugby criollo" was introduced into the Carrasco Polo Club, which not unlike the
Montevideo Cricket Club (MVCC), would become more renowned for rugby than the sport it was named for. In 1950, the first edition of
Campeonato Uruguayo was held, being contested by Old Boys, Colonia Rugby, and multisport clubs such as the MVCC and Carrasco Polo (which supplied two XVs). Carrasco's leading player Diego Ormaechea had been introduced to the sport as a fifteen-year-old in 1976 and was still playing for club and country more than twenty years later. In 1993, Carrasco Polo Club beat a
Buenos Aires squad which included 14
national team players. The
2003 Rugby World Cup finals squad had 12 players from Carrasco Polo Club.
Diego Ormaechea, considered the best Uruguayan rugby union player of all time, played all his career at Carrasco. He's currently the head coach of the rugby union team. ==Honours==