In Julu 2012 the Honduran football arbitration court (Tribunal de Arbitraje de Fútbol) has set due the accumulated debts of the club, which have reached almost one million lempiras (at the time 40,000 EUR / 31,500 GBP / 51,000 USD) to be paid within five days.
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Hispano was founded on 3 July 1945 by Miguel Bulnes, Tafael Ruiz and Manuel Bulnes in a small barrio named Abajo located in Comayagua.
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Therefore management has decided to dissolve Hispano FC and purchase the franchise of Atlético Pinares of San Marcos de Colón of Choluteca and rebrand it as Comayagua FC.
The local football team, Atlético Pinares, played in the second tier of Honduran football until it sold its franchise to Comayagua F.C. in 2012.