Rayo Vallecano Logo — The Rayo Vallecano SAD is a sports organization, focused on the field football, located in the district of Vallecas, southeast of the city of Madrid (Spain). The club was founded in 1924 and his first team currently plays in the Primera Division in Spain.
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On May 5th of 2011, under pressure and continual rejection of the fans, the sale becomes official club by the Ruiz-Mateos family Madrid businessman Raul Martin Dam, which is made with 98.6% of actions. The employer assumes the club’s current debt and agrees to pay wage arrears in installments players and coaching staff, waiting for certifying the promotion to the First Division. The new president is committed to settle the debt before the end of the season.
On May 22 of 2011 achieved mathematically gaining promotion to division Xerez 3-0. The team led by Shah would play the top flight of Spanish football 8 years later, the sixth rise in its history to the First Division and lead the workforce after several months without pay. On June 20, two months after taking over the club, President Martin Dam announces the entrance of Ray Vallecano Insolvency Act, admitting that “it was a logical and inevitable, given the situation the club.”
On July 23, the new owners decide to dispense with Jesus Fraile, manager of the club since 2006 and very close to the Ruiz-Mateos. On August 3 the substitute becomes official, Antonio Fernandez Monterrubio. For the start of the season 2011/12, arrive at the club likes of Dani Pacheco (from Liverpool), Botelho (from Arsenal), Raul Bravo (from Olympiakos), Suéliton Pereira (the 2 nd Brazilian division), Raul Tamudo, Michu, Trashorras, Labaka, and Koke.