Elche will be reinstated to the Segunda Division after meeting their debts.
The club managed to pay its urgent outstanding debt due to the Association of Spanish Footballers.
The support of the fans and the business community in Elche was fundamental in paying the two million euros falling due immediately.
One million euros more due to the players has been deferred and a further payment, of up to 7.2 million euros including taxes on salaries, has also been delayed until 31 August.