Complex sentence: The club was then forced to drop all the way to the fourth division of Spanish football, for the 2003--04 season; at this point the team nearly folded but eventually recovered and regrouped, returning to level three in the following campaign.
Split into simpler sentences: The club was then forced to drop all the way to the fourth division of Spanish football, for the 2003--04 season. At this point the team nearly folded, but eventually recovered and regrouped, returning to level three in the following campaign.