CF Palencia Club de Fútbol Palencia was a Spanish football team based in Palencia, in the autonomous community of Castile and León . Founded in 1975 and dissolved in 2012, it held home games at Estadio La Nueva Balastera , with an 8,100-seat capacity.History Palencia has had many football clubs , the beginnings being in June 1929 with Club Deportivo Palencia . In 1943 it first reached Tercera División after a win against Orensana, as the club was then known as Fábrica Nacional de Palencia . In 1951 Palencia was renamed Atlético Palencia , also facing relegation that year due to economic problems. Three years later, it visited the national categories for the second time; in 1962–63 it appeared in the playoffs for promotion to Segunda División , facing CF Badalona: amidst accusations of a fixed result, the club did not appear for their following match at SD Ponferradina , and eventually disappeared from the footballing maps. The club reappeared in the late '60s, very briefly as Otero de Palencia , quickly changing to Palencia Club de Fútbol . In 1970–71 it played in the play-offs for a second division promotion for the second time, now against Real Oviedo ; stellar performances from goalkeeper Mariano García Remón , later player of Real Madrid , eventually prevented that achievement. On 17 June 1979 , with another legendary Real Madrid figure as coach, Francisco Gento , Palencia was first promoted to second level after a 1–0 home win against Pontevedra CF , incidentally one day before the 50th anniversary of the first football match in the club's history – it lasted two seasons in this first tenure. In 1982–83 , right after the FIFA World Cup on home soil , the club produced arguably its best season, finishing fifth just three points shy of an historical La Liga promotion; three years later it disappeared, again due to economic issues .Club Deportivo Cristo Olímpico , then the feeder club , became first team of the city but, in 1989, it was named Club de Fútbol Palencia . During the following two decades, it bounced back between Segunda División B and the fourth category. On 1 July 2012 , Palencia was relegated to the fourth level by the Royal Spanish Football Federation , due to non-payment of wages to its players. On 4 December the club was disbanded after failing to raise enough financial funds to run it until the end of the season, having incurred in a €1,7 million net debt from past years.Former clubs Club Deportivo Palencia – ' Fábrica Nacional de Palencia – 'Atlético Palencia – ' Palencia Club de Fútbol – 'Club background Club Deportivo Cristo Olímpico – ' Club de Fútbol Palencia Cristo Olímpico – Club de Fútbol Palencia – 'Season to season As CD Cristo Olímpico , farm team Season Tier Division Place Copa del Rey 1975–80 5 Regional — 1980/81 4 3ª 19th 1981/82 5 Regional 1st 1982/83 4 3ª 7th 1983/84 4 3ª 11th 1984/85 4 3ª 11th 1985/86 4 3ª 8th 1986/87 4 3ª 6th 1987/88 4 3ª 5th
As CF Palencia Cristo Olímpico Season Tier Division Place Copa del Rey 1988/89 4 3ª 3rd 1989/90 4 3ª 1st 1990/91 3 2ªB 6th 1991/92 3 2ªB 12th 1992/93 3 2ªB 4th 1993/94 3 2ªB 15th 1994/95 3 2ªB 9th 1995/96 3 2ªB 19th 1996/97 4 3ª 2nd 1997/98 4 3ª 1st 1998/99 4 3ª 6th
Season Tier Division Place Copa del Rey 1999/00 4 3ª 7th 2000/01 4 3ª 1st 2001/02 4 3ª 4th 2002/03 4 3ª 1st 2003/04 3 2ªB 12th 2004/05 3 2ªB 13th 2005/06 3 2ªB 12th 2006/07 3 2ªB 3rd 2007/08 3 2ªB 19th 2008/09 4 3ª 1st 2009/10 3 2ªB 3rd 2010/11 3 2ªB 5th First round 2011/12 3 2ªB 16th 2012/13 4 3ª
----14 seasons in Segunda División B18 seasons in Tercera DivisiónFormer players
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