The team finished its debut first division season in seventh place, with the highlight of the season coming on 11 January 1948 with a 3–1 win against the Real Madrid at the Bernabéu, thus becoming the first team ever to do so. The club played two further seasons in the top level, being relegated in 1949–50 after losing a play-off to the CD Alcoyano. The team moved to the new Nou Estadi in 1972.
