The club was established in December 2002 in Odesa under the premise of a sports school who were fans of Real Madrid was created on the initiative of members of the Odesa City Council Serhiy and Anatoly Dire.

[1] The team participated in the 2003 Odesa city championship and also in the Ukrainian Football Amateur League.

[1] The team applied for a professional license and were granted one.

Real Odesa entered the Ukrainian Second League for the 2004–05 season.

Before the 2005–06 season the club withdrew their professional license.