Universidad de Las Palmas CF
Universidad de Las Palmas de Gran Canaria Club de Fútbol was a Spanish football team based in Las Palmas de Gran Canaria, in the Canary Islands. Founded in 1994 as Vegueta-Universidad, it was dissolved in 2011 due to insurmountable economic problems. It acted as the club of University of Las Palmas de Gran Canaria. History. Universidad was founded in 1994, following interactions between lawyers and college students. It first began playing amateur football, under the name "Vegueta-Universidad", only appearing in "Tercera División" in 1997–98. After two promotions in only two years, the club  played in the second level in 2000–01, being relegated immediately. During the campaign, Universidad played at Maspalomas, as its grounds were only artificial then, and neighbours UD Las Palmas did not wish to share its "Estadio Insular". Subsequently, Universidad played as feeder club to "Unión Deportiva", after one of its founders and then chairman, Alfredo Morales, decided to merge after being installed into the latter's board of directors. It only lasted one season, as Franciso Gómez Cáceres returned (after being ousted by Morales) and rendered the club again independent, as it subsequently competed solely in the third division; in  2007, the club moved from the 2,000-seat "Estadio Alfonso Silva" to the "Estadio Pepe Gonçalvez". At the end of the 2010–11 season, Universidad was relegated to the fourth level for failing to pay its players. On 7 July 2011, the club was dissolved due to its enormous debts.