Founded in 1902 as Madrid Football Club, has traditionally worn a white home kit since. The word Real is Spanish for royal and was bestowed to the club by King Alfonso XIII in 1920 together with the royal crown in the emblem. The team has played its home matches in the 85,454-capacity Santiago Bernabéu Stadium in downtown Madrid since 1947. Unlike most European football clubs, Real Madrid's members (socios) have owned and operated the club since its inception.
The club is the richest football club in terms of annual revenue, generating €513million in 2012 and the second most valuable, worth €1.8billion.It is one of three clubs to have never been relegated from the top flight of Spanish football, along with Athletic Bilbao and Barcelona. Real Madrid holds many long-standing rivalries, most notably El Clásico with FC Barcelona.
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Real Madrid s origins go back to when football was introduced to Madrid by the academics and students of the Institución libre de enseñanza, which included several Cambridge and Oxford University graduates. They founded Football Club Sky in 1897, playing on Sunday mornings at Moncloa. It split into two clubs in 1900: New Foot-Ball de Madrid and Club Español de Madrid.On 6 March 1902, after a new Board presided by Juan Padrós had been elected, Madrid Football Club was officially founded.Three years after its foundation,
in 1905, Madrid FC won its first title after defeating Athletic Bilbao in the Spanish Cup final. The club became one of the founding sides of the Royal Spanish Football Federation on 4 January 1909, when club president Adolfo Meléndez signed the foundation agreement of the Spanish FA. After moving between grounds the team moved to the Campo de O'Donnell in 1912.In 1920, the club's name was changed to Real Madrid after King Alfonso XIII granted the title of Real (Royal) to the club.
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