2 0 0 0 . ▁Then , ▁it ▁subsequently ▁remained ▁in ▁the ▁fourth ▁level ▁until ▁ 2 0 1 5 ▁( only ▁split ▁by ▁a ▁one - season ▁spell ▁in ▁the ▁third ▁division ), ▁when ▁it ▁achieved ▁promotion ▁with ▁club ▁legend ▁Antonio ▁Ir ion do ▁as ▁manager . ▁ ▁On ▁ 2 7 ▁May ▁ 2 0 1 8 , ▁Ray o ▁Maj ad ah onda ▁promoted ▁for ▁the ▁first ▁time ▁ever ▁to ▁Segunda ▁División ▁by ▁be ating ▁FC ▁Cart ag ena ▁with ▁a ▁last - min ute ▁own ▁goal ▁from ▁M ích el ▁Z ab aco , ▁with ▁Ir ion do ▁still ▁in ▁charge ▁of ▁the ▁first ▁team . ▁A ▁year ▁later , ▁after ▁suffering ▁instant ▁re leg ation , ▁he ▁res igned . ▁In ▁the ▁second ▁tier , ▁the ▁club ▁played ▁its ▁home ▁games ▁at ▁Atl ético ▁Madrid ' s ▁W anda ▁Metropol it ano ▁due ▁to ▁the ▁ins u fficient ▁facilities ▁at ▁the ▁Estad io ▁Cer ro ▁del ▁Esp ino . ▁ ▁As ▁part ▁of ▁the ▁conditions ▁of ▁playing ▁in ▁the ▁fully ▁professional ▁second ▁division , ▁Ray o ▁Maj ad ah onda ▁had ▁a ▁year ▁to ▁establish ▁a ▁Soci edad ▁An ón ima ▁Deport iva , ▁an ▁form ▁of ▁public ▁limited ▁company ▁that ▁all ▁its ▁teams ▁must ▁be . ▁The ▁initial ▁majority ▁share holder ▁in ▁September ▁ 2 0 1 9 ▁was ▁Ale j andro ▁Ar rib as , ▁a ▁player ▁formed ▁at ▁the ▁club ▁who ▁was ▁still ▁playing ▁profession ally ▁for ▁Real ▁O v ied o ▁at ▁the ▁time