Various names suggested include "Real Unión de Vigo", "Club Galicia", "Real Atlántic", "Breogán" and "Real Club Olimpico". The latter name was popular, but they eventually decided on "Real Club Celta", an ethnic race linked to Galicia (see Celts). The first president of Celta was Manuel Bárcena de Andrés, the Count of Torre Cedeira. At this AGM, the squad was also decided, which numbered 64 players in total and included some notable players from both Fortuna and Vigo, and managed by Francis Cuggy. In 1947–48, Celta ranked a joint-best 4th (with 2003) and reached the Copa del Generalísimo Final, where they lost 4–1 to Sevilla FC. Local striker Pahiño, who took the Pichichi Trophy for 21 goals in 22 games that season, subsequently moved to Real Madrid. Celta were dubbed "EuroCelta" by the Spanish press as a result of their European exploits in the late 1990s and early 2000s. This included a 4–1 aggregate win against Liverpool in a run to the quarter-finals of the 1998–99 UEFA Cup. In the next season's edition they again reached the last eight, with a 4–0 second leg win over Juventus and a 7–0 home win against Benfica (8–1 aggregate). Domestically, the team reached the 2001 Copa del Rey Final, losing 3–1 to Real Zaragoza in Seville. Key players during the period included Alexander Mostovoi, Valery Karpin and Haim Revivo, though the squad also relied upon other international players as well, such as goalkeeper Pablo Cavallero; defender and future coach Eduardo Berizzo, midfielders Claude Makelele and Mazinho; winger Gustavo López; and strikers Catanha and Lyuboslav Penev, amongst others. In 2002–03, Celta came 4th under Miguel Ángel Lotina (joint best with 1948) and qualified for the 2003–04 UEFA Champions League. They went out in the last 16 to Arsenal 5–2 on aggregate. Domestically that year, the team came 19th and suffered relegation to the Segunda División. Although the squad was heavily dismantled following the demotion, Celta earned an immediate return to the top flight after finishing second in 2004–05.