In late 1938, a group of members proposed to young entrepreneur Florencio Sola to take over the presidency of the club; although Banfield was in a critical situation, Sola nonetheless accepted. Taking advantage of Club Estudiantil Porteño (that played in second division) had been disaffiliated from the AFA, Florencio Sola acted to prevent Banfield dropping into the Third Division. To tackle the championship in 1939 Banfield obtained the loan of many players who were substitutes in the First Divisionand assembled a quality team that became champions winning the right to play in the Primera División.