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He vowed within his promotion in order to remove the brand new bar's €270 million loans and you may modernize the brand new bar's business. It win noted the beginning of a profitable period inside the Real Madrid's record. Below his presidency, the fresh bar try rebuilt after the Municipal Combat, and he oversaw the construction of your bar's most recent arena, Estadio Real Madrid Bar de Fútbol (now-known while the Santiago Bernabéu), as well as education business Ciudad Deportiva. Inside 1920, the fresh bar's identity is converted to Real Madrid after King Alfonso XIII offered the brand new term away from Real (Royal) to your club. It viewed sporting events as the a bulk sport which should be accessible so you can agencies of all of the social kinds, and you can think the newest club is to embody you to definitely idea.

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