Real Madrid Club de Fútbol (Royal Madrid Football Club), commonly known as Real Madrid, is a professional football club based in Madrid, Spain. 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. The club established itself as a major force in both Spanish and European football during the 1950s. Domestically, Real Madrid has won a record 32 La Liga titles, 18 Copas del Rey, 9 Supercopas de España, 1 Copa Eva Duarte and 1 Copa de la Liga. Internationally it has won a record nine European Cup/UEFA Champions League titles and a joint record three Intercontinental Cups, as well as two UEFA Cups, and one UEFA Super Cup.
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