[1] He was the first of ten children, including two older brothers who also played football, Luis Arana (1874–1951) and Darío (1882–).
[6] In the summer of 1908, Alfonso XIII, arrived in Bilbao on board the Giralda on 15 August, and he was met by the flotilla of sloops of Sporting, which was then chaired by José Antonio de Arana, and the steamer Elcano with the representatives of the Cortes, Tomas Zubiría Ybarra, Juan Tomás Gandarias, and the local authorities.
[8][9] Arana then played several friendly matches for them against city rivals Athletic Club in the Hippodrome of Lamiako.
[10] In 1902, the two rivals agreed to join the best players of each club to face the Bordeaux-based side Burdigala, and this temporary merge became known as Club Bizcaya and despite the inclusion of six English from Bilbao FC, Ugalde earned a spot in the starting eleven in Bordeaux on 9 March, the first time a Bilbao team played on foreign territory, helping his side to a 2–0 win.
[11][12] Together with Juan Astorquia, Alejandro de la Sota and William Dyer, he was part of the Bizcaya team that won the 1902 Copa de la Coronación, and although he did not play in the final, Ugalde started in the quarterfinals against RCD Espanyol (5–1) and in the semifinals against New Foot-Ball Club (8–1).