Its seating capacity of 23,798, makes it the third-largest bullfighting run in the world, after bullrings in Mexico and Venezuela.

[1] After the federal ban of bulfighting in Plaza México, Las Ventas is the second largest bullring in the world still in operation for its original intention.

It was José Gómez Ortega "Joselito" who complained about the necessity of a new "monumental" bullring, to open this part of Spain's heritage and culture to the whole city of Madrid.

A family called Jardón donated the land to the Madrid Provincial Council, provided that they could run the arena for fifty years.

"Las Ventas" was finished in 1929 and two years later, June 17, 1931, a charity bullfight was held with a full-capacity crowd to inaugurate it.

[3] There is a Pasodoble called 'Plaza de las Ventas' and the composer Maestro Manuel Lillo dedicated to this arena.

Inside this door, the "paseíllo" starts and the "picadores" (those who pierce the bull with the lance) come out from here to the arena ("suerte de varas").

In 2008, the arena was converted into a tennis clay court and the Spanish Davis Cup Team, led by Rafael Nadal, played their semifinal against the United States, and won it in front of their home crowd.

Since 2014, the venue can be set up as a theatre, under the name Gran Teatro Ruedo Las Ventas, with a capacity of 858 seats.