El Caballo Blanco operations of the various El Caballo Blanco theme parks gradually wound down and ceased. For many years after the closure of the Catherine Field complex, it was used for storing items such as carpets, until a fire engulfed much of the building housing the main show arena. The Andalusian horses remained on the site, cared for by a group of horse enthusiasts. After quite some years, the Wooroloo complex in Western Australia once again hosting the famed Spanish dancing horse show. In June 2007 a new (independent) El Caballo Blanco show paying tribute to the Spanish dancing horses re-opened playing
Diego Caballo his first senior goal with the C's on 19 October, netting the opener in a 2–0 Tercera División home defeat of CD Móstoles URJC. On 7 July 2015, free agent Caballo signed for Valencia CF, being assigned to the B-team also in the third tier. He moved to another reserve team on 2 July 2017, after agreeing to a contract with Deportivo Fabril in the same division. On 5 July 2018, Caballo renewed his contract with "Dépor" for two seasons. On 13 August, he was definitely promoted to the main squad in Segunda División. Caballo made his professional debut on