In June 2012, Banfield was relegated to the second division (Primera B Nacional) after being defeated by Colón de Santa Fe 3–0. Banfield had placed last (19th of 19 teams) in the last two tournaments of Argentina. The team only won five games in both competitions, with 7 ties and 26 losses. Two days after, president Carlos Portell resigned, being accused of corruption by the fans and members of the club. Apart from Portell, of the managing left the club (including vice-president and treasurers), so a new election had to be held in order to choose a new chairman and managing for Banfield. The election was finally held in July 2012, being Eduardo Spinosa chosen as new chairman of the club. Espinoza won with a big margin of 77%.