Founded in 1902 as Madrid Football Club, the team has traditionally worn a white home kit since inception.
The club is the most valuable sports team in the world, worth €2.5 billion ($3.4 billion) and the world's highest-earning football club for 2013–14, with an annual revenue of €549.5 million.The club is one of the most widely supported teams in the world.

The reactions to the, at least on paper, favourable results of the UEFA ChampionsLeague draw for Real Madrid on Friday reflect the fragile mood at the Santiago Bernabeu. Leaving aside the numerous articles depicting the remarkable series of average rivals the Madridistas have faced in the top European tournament since Florentino Perez became President of the club, several media outlets launched a telling question: What if RealMadrid lose to Wolfsburg?