In a news conference Tuesday, Rayo Vallecano chairman Raul Martin Presa said Vallecano wasn't trying to rid itself of Rayo OKC. But club director Luis Yanez said they were trying to “lower the sails” of Rayo OKC.

Spanish club Rayo Vallecano de Madrid, the majority owner of Rayo OKC, was recently relegated from Spain's top division. That carries huge financial implications, which could lead the ownership group to tighten its budget.

Rayo OKC is playing its final North American Soccer League Spring season match on Saturday when it faces Ottawa. Its final match as a franchise might come this fall.

Presa said he was looking into what to do with Rayo OKC and there is an interest in selling its share in hopes of stemming losses. Rayo Vallecano needs to shift its focus to next season and regaining a promotion to the top flight, he said.

Rayo OKC minority owner Sean Jones was a bit caught off guard when he heard that. Jones said a recent meeting in New York took place with Presa, Yanez and company, and the topic of discussion was what to do moving forward following Vallecano's relegation.

“One of the things that came out of that conversation was after they were relegated, which was the following week, is they said, 'we may have to consider how to restructure our investment, the potential of bringing in additional investors.' ”

Jones said it was not a doom-and-gloom meeting that ended with a breakup. Only a conversation about what to do in the future when Rayo Vallecano is no longer playing in the first division of soccer in Spain. He said the restructuring of investment didn't mean a sell-off, but rather a change in who owns how much or whether more owners are added to help Rayo Vallecano own less.