Textil Mandiyú

In 1993, Deportivo Mandiyú chairman Eduardo Seferian tried the club to become a S.A. as a way to solve the serious economic problems of the institution but the Argentine Football Association did not allow the transaction. Nevertheless, in 1994 member of Argentine Parliament Roberto Cruz and San Lorenzo leading Roberto Navarro acquired the club for U$S 2 million. Mandiyú hired Diego Maradona as coach, also bringing international goalkeeper Sergio Goycochea to the team.

The project was a big failure, so Mandiyú did a disappointing campaign in 1995 Clausura being relegated to the second division. Finally, the group that managed Mandiyú left the team alleging that they had not enough resources to play the Nacional B tournament. With no visible leaders to manage the club and many debts which could not pay, Mandiyú was disaffiliated from the Liga Correntina. The club was subsequently dissolved.

Huracán Corrientes filled the vacant place left by Mandiyú, promoting to Primera División after winning the Nacional B championship. In 1998, a group of former managers and fans of Mandiyú decided to form a new club, originally named "Deportivo Textil". The word "Mandiyú" was added later, with the intention of keeping the soul of the original club.[1]

In 2016 the club merged with the Deportivo Mandiyú, once again being the Mandiyú representing the "cotton growers".