Real Madrid Update
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 world's richest football club in terms of revenue, with an annual turnover of €513million and the most valuable, worth €3.3billion. 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 and El Derbi madrileño with Atlético Madrid.

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