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Valencia Basket was founded on 27 September 1986, after Valencia CF decided to fold its basketball section. [3] On 4 May 1988, while in its second season in the Primera División B, which was the second tier league of Spanish basketball at that time, the team won its first promotion to the Spanish top-tier level ACB, [4] where the team remained until the 1994–95 season. In 1995, Valencia was relegated to the Spanish 2nd-tier level EBA League, after falling in the league's relegation playoff against Somontano Huesca. In the next season, after being the runner-up in Liga EBA, in a non-promoting season, Valencia BC bought Amway Zaragoza's ACB place to join the top league, where it has remained until nowadays. On 2 February 1998, Pamesa Valencia won its first Spanish national title, after beating Pinturas Bruguer Badalona, by a score of 89–75, in the final of the 1998 Copa del Rey, which was played in Valladolid. One year later, on 13 April 1999, the club played in the final of the 1998–99 FIBA Saporta Cup, but was defeated by Benetton Treviso, 64–60, in the final played in Zaragoza. …