Elche are facing relegation from the Primera Division.
Marca says Elche are reportedly to be relegated to the second division because of non-payments to the tax office and a lack of financial transparency.
A judge ruled against the club following a complaint by Eibar, who will stay up instead.
This enforced relegation will also lead to coach Fran Escribá and sporting director Víctor Orta being released from their contracts.
In addition, the players' salaries will be halved in accordance with relegation clauses in their contracts.