established until 6 March 1902, in a meeting held in the back room of Al Capricho, the Padrós family business, in which they formalized the first board of directors with Juan Padrós being named the club's second president (the first officially). So, he left the presidency of the club and handed over responsibilities to Juan Padrós who was the man who officially established the club. On May 1902, Palacios one of the eleven footballers who helped Madrid win the club's first-ever piece of silverware, the Copa de la Gran Peña, the consolation trophy of the 1902 Copa de la Coronación. References 1880 births 1947 deaths Businesspeople from Madrid 20th-century Spanish businesspeople Real Madrid CF presidents