|Legal Name:||Real Madrid Club de Fútbol|
|Headquarters Regions:||Madrid, Spain|
|Founded Date:||6 March 1902|
|Founders:||Julián Palacios, Juan Padrós, Adolfo Meléndez, Carlos Padrós|
|Number of Employees:||6000+|
|Area served:||All over World|
|Products of Company:||United States of America and Spain|
|Net Worth in 2023:||$6 Billion|
For the lovers of sports, Real Madrid is definitely not new to you. Whether you are a true supporter of the club or its competitors, you must have an idea what this club is all about. However, for those who have no idea about football teams, you are at the right place. In this article, we will answer all the questions you might have about this great football club and how it operates.
Real Madrid is a super team that has been around for ages now. This is a Spanish professional football club and is written as in Real Madrid Club de Fútbol Spanish which simply means Royal Madrid Football Club. However, the club is now commonly referred to as Real Madrid since it is based in Madrid.
The club was founded almost a century ago (6th March 2002) and it was initially known as Madrid Football Club. Traditionally, they wear a white home kit and it has been the case since its inception. The word real in Spanish is “Royal” and this club got this named in 1920 from King Alfonso XIII. They were also given the royal crown and the emblem which has remained the logo to date.
Well, how well do you know about Real Madrid? If not much, we have compiled all you need to know about Real Madrid’s net worth in 2023, wiki and complete details. Well, if you’re all set, here is what we know about Real Madrid to date.
Football was introduced to Madrid by the students and academics of Institución Libre de Enseñanza. These academics was made up of several Oxford and Cambridge university graduates. It was in 1897 when these students founded Sociedad Sky Football which is commonly known as La Sociedad (The Society). At the time, this was the only one based in Madrid and they used to play at Moncloa on Sunday mornings.
Unfortunately, three years later, there were some conflicts between members of the club which forced some of the members to leave the club and form a new one. This one was known as Nueva Sociedad de Football (New Society of Football).
Some of the members of the new club were Juan Padros, Julian Palacios and Carlos Padros. Carlos Padros and Juan Padros were brothers who later became future presidents of Real Madrid. The New Society of Football was later renamed Madrid Football Club in 1901. A restricting that took place in 1902 saw the club renamed New Foot-Ball Club.
After Juan Padros was elected the president of the club on 6th of March in 1902, he officially founded Madrid Football Club. In 1905, they won their first game against Athletic Bilbao in what was known as Spanish Cup Final. On 4th of January in 1909, they became the founding sides of the famous Royal Spanish Football Federation after the signing of Spanish FA by the club president Adolfo Melendez.
In 1912, after moving between grounds, they finally decided to settle to the Campo de O’Donnell. In 1920, King Alfonso XIII granted the Real (Royal) title to the club. This led to the club changing its name from Madrid FC to Real Madrid. In 1929, they founded the first Spanish Football League.
The club led the first league season but unfortunately lest the last match to Athletic Bilbao. This means they became runners-up to Barcelona. They however never gave up and in the 1931-32 season, they won their first League title. They regained the title in the 1932-33 season which made it the first team to win this title (championship) twice.
The club, unfortunately, lost the title on 14th April 1931 after the Second Spanish Republic arrived they again started using their former name Madrid Football Club. They however didn’t stop playing football and during the Second World War, they beat Barcelona 11-1 on 13th of June in 1943 during the Copa del Generalisimo semi-final. They were named in honor of Generl Franco. Although there were claims that Barcelona lost due to intimidation by the police, this has been proven to be false allegations.
Awards and Achievements of Real Madrid
Real Madrid has been through different transitions in leadership and grounds but they still remain intact. Over the years, they have been able to achieve a lot as a club and has won different awards and honors. We can only list a few of these honors as they are numerous. Some of these include; 23 Campeonato Regional Centro / Trofeo Mancomunado records, 3 Copa Federación Centro records and 34 La Liga records among others.
When it comes to European Competitions, they have won 13 European Cup / UEFA Champions League records and 2 European / UEFA Super Cup among others. On the worldwide competitions, they have won 3 Intercontinental Cup and 4 FIFA Club World Cup among many others. They have also won several Domestic Double and Cup Double not forgetting the European Cup/ UEAFA Champions League Three-peats and the list is endless.
Net Worth & Earnings of Real Madrid in 2023
With so many wins and achievements, you can be sure that this club is also rich and proud of what it has managed to achieve today. They have recorded the highest number of shirt sales severally and they also make a lot through ticket sales. In 2013, they were listed as the highest or most valuable sports team in the world valued at 3.3 billion pounds which is equivalent to $4.1 billion by Forbes. It was also listed as the 2nd highest paid sports team after Barcelona. As of 2023, it has an estimated net worth of more than $6 billion.
Real Madrid also has an encrypted digital television channel known as Real Madrid TV which is operated by the club and specializes in the club. The channel is available in English and Spanish and it’s located in Valdebebas (Madrid) at Ciudad Real Madrid which is Real Madrid’s training center.