CB 1939 Canarias Club Cantera Base 1939 Canarias S.A.D. , also known as Iberostar Tenerife for sponsorship reasons, is a professional basketball team that is based in San Cristóbal de La Laguna , Tenerife, Spain . Domestically, the team plays in the top level league in Spain, the Liga ACB and in European-wide competitions, the team plays in FIBA's Basketball Champions League . Their home arena is the Santiago Martín .History The team was founded in 1994, after the old CB Canarias club, that huge financial problems at that time, merged with other teams of the Spanish island of Tenerife, to create the new Tenerife Canarias club, which only played two seasons in the Liga EBA competition, at the time when that league was the second tier level of Spanish club basketball . People who were in disagreement with that merger then created the new CB 1939 Canarias club, which inherited the colors and the logo of the club. In 2012 , Iberostar Canarias was promoted to Spain's top-tier level Liga ACB competition, after the team wont the championship of the LEB Oro . However, the club couldn't actually promote, due to the club's inability to fulfill the requirements needed to join the league that are requested by the league's organizer, the ACB. One month later, on 20 July 2012, CB 1939 Canarias finally achieved the league promotion, after Lucentum Alicante's vacated place in the league was granted to CB 1939 Canarias.Alejandro Martínez , became the team's head coach in 2003, and he managed to lead the team to multiple league promotions, going up from the LEB Plata , to the top-tier level Liga ACB. He resigned from the team's head coaching position in 2015. On 29 March 2017 , Canarias qualified for the 2017 Final Four of FIBA's Basketball Champions League , which happened 36 years after the club's first league promotion up to Spain's previous top level competition, the Liga Nacional , in 1981 . The 2017 Champions League Final Four was played at Canaria's home arena, the Pabellón Insular Santiago Martín . Canarias won the BCL championship, after beating the Turkish Super League club Banvit in the Final. The championship marked the first major title in the club's history. On 24 September 2017 , Canarias participated in the 2017 FIBA Intercontinental Cup , as the defending champions of the Basketball Champions League. The club won the FIBA Intercontinental Cup title, after beating the defending champions of the FIBA Americas League , the Venezuelan club Guaros de Lara , by a score of 76–71. CB Canarias 1939 also won the 2020 FIBA Intercontinental Cup title, after they defeated the defending champions of the Basketball Champions League, the Italian club Virtus Bologna , by a score of 80–72. In March 2020 , the club stopped the season due to the COVID-19 pandemic in Spain .Sponsorship naming Partly due to sponsorship reasons, the team has been known by several names over the years:Arena CB Canarias 1939 plays its home games at the Pabellón Insular Santiago Martín arena, which is located in San Cristóbal de La Laguna, on the Spanish island of Tenerife. The arena was opened in 1999 , and it has a seating capacity of 5,100 people for basketball games. CB Canarias 1939 has used Pabellón Insular Santiago Martín as its home arena, since 2010. It has hosted major sporting events , such as the 2017 Basketball Champions League Final Four , the 2017 FIBA Intercontinental Cup , the 2018 FIBA Women's World Cup , and the 2020 FIBA Intercontinental Cup.Players Current roster Depth chart Head coaches Alejandro Martínez: 2003–2015 Txus Vidorreta: 2015–2017, 2018–present Nenad Marković: 2017 Fotios Katsikaris: 2017–2018Season by season Honours and awards Honours National: 2nd division championships: *LEB Oro: 2012 Copa Príncipe de Asturias: *2012 Trofeo Gobierno de Canarias: *2009, 2011 International: Champions League: *2017 Intercontinental Cup: *2017, 2020 Other competitions: Las Palmas , Spain Invitational Game*2018Individual awards LEB Oro MVP Jakim Donaldson – 2009, 2010 Ricardo Guillén – 2011 All LEB Oro First Team
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