Well, we’re going to wrap the blog up now. Congratulations to Chile; commiserations to Lionel Messi and Argentina. Thanks so much for reading. Have a good night.

Here’s Eduardo Villanueva with the last word:

Down here we use “huevos” rather than cojones but the idea works. And a Panenka would a “cucharita” Spanish for the Italian word.

I love this:

Claudio Bravo celebrates with his Golden Glove trophy.

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Claudio Bravo lifts the trophy for Chile, and Eduardo Vargas wins the prize for top scorer.

Ben Lyttleton is the ultimate authority on penalties, and he’s probably right about the “Panenka”: it wasn’t that well executed!

That’s another final loss from Argentina. They’ll have to wait at least another year to end their trophy drought, when the centenary version of the Copa America takes place in the US.

Some post-match pictures from Santiago, where Chile have just won their first ever piece of silverware:

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It would take a heart of stone not to feel happy for Chile: they took Argentina all the way, and were, on balance, a deserving champion. It wasn’t a classic match, but it was extremely close fought, and Chile showed real desire, spirit and commitment. Argentina had two big chances through Lavezzi and Aguero, and Alexis might have scored twice for Chile, but Chile did the business in the shootout. Aranguiz’s penalty was unbelievable: he just whacked it. The cojones to do that in such a situation!

Spectators are taking selfies on the pitch with Alexis. That final penalty from Sanchez was so cocky: a classic Panenka, or il cucchiaio, if you prefer the Italian. Claudio Bravo has a smile as big as Santiago. Well done to them: that was a nerveless penalty kick display.

Messi looks absolutely stunned. His penalty was great, but Higuain and Banega just didn’t do enough. All four of Chile’s penalties were magnificent, and they’re Copa America champions for the first time in their history.

What a penalty from Alexis! The stadium is going berserk. Congratulations!

That’s it! Chile win the Copa America! With a Panenka! Champions Chile!!!

Bravo saves! Poor penalty, and Bravo comes up big!

Wow. What a penalty: such power. He just pummelled it.

Over the bar! Miles over!

Just. Romero got a hand to it, but too powerful.

Low and hard: excellent spot kick.

Fernandez first – and that’s brilliant. No chance Romero.

Mascherano has tears in his eyes. He’s been immense.

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Chile in a huddle, and Argentina too. Is Bravo or Romero? the better spot-kick saver?

I can’t pick a winner. It’s been so close. Which team fancies it?

We’re in the last minute. Medel with a double clearance, but Banega looks for Lavezzi. Medel again! And that’s the whistle! We’re going to penalties!!

119 min: Biglia heads clear, and Higuain completes the clearance. Ninety seconds from penalties.

Messi is tripped. One last chance for Argentina!

118 min: Corner for Chile. The hosts with a late surge!

117 min: Chance for Chile. Fernandez with the free kick, but Romero punches clear.

116 min: Chile had a three-on-four break there, but Fernandez just couldn’t find Alexis. Now he’s tripped, and it’s a free kick about 45 yards from goal. Silva on Lavezzi in the box just now? Not enough contact: correct call.

115 min: No foul on Lavezzi in the box! I didn’t see it: was he tripped?

113 min: Messi is rugby tackled by Fernandez, but Argentina can’t profit from the free kick. Chile are still trying to win this, and Vidal lays it back for Aranguiz … but it’s over the bar.

113 min: Medel nicks in front of Zabaleta after Chile had switched off from the throw-in. It’s anyone’s to win! Then Alexis is tripped by Otamendi … and no call! Otamendi was nowhere near the ball, but maybe Alexis went down too easily.

111 min: Everyone’s dead on their feet.

Morgan Sheppard asks:

If this game goes to penalties, who do you think will win?

Chile? Argentina? I’ve absolutely no idea! Too close to call.

110 min: Chile defend Messi well on the edge of the box, and streak clear with Henriquez, but the substitute just runs offside from Fernandez’s intelligent pass.

108 min: Isla’s pass to Aranguiz just wasn’t hit hard enough, but that’s a corner. Fernandez takes, headed clear, and Diaz spanks it goalwards. Argentina can’t clear, but Mascherano comes and takes charge.

107 min: Chile have one substitution left. Argentina look absolutely shattered … apart from Messi. Maybe he’s saving himself for one last go. Demichelis decks Alexis, but no call.

106 min: Everyone’s limping. Mascherano, Lavezzi … it’s all in the mind now! Isla goes down the right, but Otamendi does well. Goal kick.

Still no goals!

105 min: The indefatigable Medel wins another header, but it’s a corner. Claimed by Bravo. And now Alexis is clear! Mascherano missed it, and Alexis went clean through … he looked like he might have checked back inside, but he took the shot, and it was just over. Zabaleta did well to pressure the Chile man, but I think Alexis could have checked, then. Huge chance!

104 min: That’s a brainless foul by Isla on Lavezzi, and this is a dangerous area for Argentina to serve it into the box.

103 min: Lavezzi is down. Argentina, remember, have used all three substitutes.

102 min: This has been an excellent defensive performance by Chile, characterised by the chunky figure of Medel. So committed. Vidal seems to have pushed up here into attack, but he’s whistled for a foul on Otamendi.

100 min: Foul by Vidal on Mascherano, who’s been excellent. What a player.

Patrick Wills has a lovely considered view:

Que partido! Utterly tense and absorbing, both teams look capable of scoring every time they pour forward. Sounds strange considering he’s arguably the best player to have played the game but you’d have to have a heart of stone not to urge Messi on as a neutral. Not to mention the antics of Vidal, Jara et al.

I lived in Argentina last year and got first hand experience of the pressure and frustration that accompanies his every touch with the national team, particularly in Tevez’s absence. He’ll never be what Maradona was to the people but I think history will judge him as the superior player, he just gets better with age. A Copa America win under his belt and redemption at WC2018 as the elder statesman would be just reward for his immeasurable gifts.

99 min: Messi’s ball in, and it just wouldn’t settle for Rojo.

97 min: Vidal’s cross is knocked away, and then Fernandez gives it away on the edge of the box. But Chile win it back, and Diaz strides forward from defence, and Henriquez gives a lovely reverse pass, but Diaz’s shot is well over the bar.

95 min: Fernandez tries from way out, and it’s a waste. Now Messi releases Higuain, but he picks the wrong option and his pass for Lavezzi is too strong. He’s no playmaker, Higuain: he needs to be in the six-yard box.

93 min: If Argentina don’t score here, it’ll be four hours of football in two straight finals in which they’ve failed to score. Change for Chile: Henriquez in for Vargas.

92 min: Great cover from Mascherano as Mati came a-coming. Roy Hodgson would approve.

91 min: Here we go. And again Chile come out all guns blazing, but no one is there to head home Beausejour’s teasing cross. That’s been the story all night: Vargas and Alexis do so much good work out wide, they’re often missing when the ball comes. Yellow card for Isla on Messi.

So we go to extra time. Thirty minutes, and then penalties. It’s tense!

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Admittedly, it was a tight angle, but Higuain knows: he should have clinched the cup!