Eldense quit sporting activities after 12-0 loss to Barca B
Eldense provisionally suspended all sporting activities on Sunday, the day after a 12-0 thrashing by Barcelona B which was a joint-record defeat in the third tier of Spanish soccer.
Eldense, who are from the province of Valencia and were founded in 1921, were relegated to the fourth tier with six games remaining after the Barca hammering and their distraught players were seen crying during the game.
The club announced drastic measures in the aftermath of that loss, the biggest in the third tier since Extremadura beat Portuense by the same score in May 1992, saying they had cut ties with their investors and would not play again this season.
"After today's urgent meeting between the Club Deportivo Eldense's board of directors... the contract with the Italian investor group has been rescinded and the first team's sporting activities have been provisionally suspended," read a club statement.
The Segunda Division B is administered by the Spanish soccer federation (RFEF), which did not respond to requests for comment on what Eldense's decision will mean for the teams still scheduled to play them this season.
Forwards Dani Romera and Jesus Alfaro might be tempted to pay first team coach Luis Enrique a visit on Monday after they each scored hat-tricks in a stunning first-half display, helping their side lead 8-0 at halftime.
Ignacio Abeledo hit the milestone 12th goal in injury time to put Barca in the record books of the Segunda Division B, alongside Extremadura, who beat Portuense by the same scoreline in May 1992.
The team's coach Gerard Lopez may also fancy himself as a future Barca manager, like his former team mates Luis Enrique and Pep Guardiola, who both ran the B team before being given the top job.
Barca are eight points clear at the top of Group III of Spain's regionalised Segunda Division B with six games remaining in the campaign although they will have to go through a playoff in order to win promotion to the second tier. Eldense are bottom of the table and have now conceded 80 goals in 32 games.