Real Madrid Club de Futbol, commonly known as Real Madrid, is a professional football club based in Madrid, Spain. It was founded in 1902 as Madrid Football Club and 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 club established itself as a major force in both Spanish and European football during the 1950s. 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.
Contributions by Raymond Cruise, 220.127.116.11, and Dale Arnett.