[3] New's origins go back to when football was introduced to Madrid by the academics and students of the Institución Libre de Enseñanza, which included several Cambridge and Oxford University graduates.

[1] For the Spaniards, football meant a distraction from the pessimism that was taking over Spain due to the loss of its last overseas territories at the end of the 19th century.

[12] The splits of 1900 and 1901 were two massive blows that placed Sky in a difficult situation, having serious problems of survival due to the continuous internal differences and marches of players outside the club.

In the first half, the Whites took a 2–0 lead, but a brace from Manuel Vallarino, the Reds Captain and president of the entity, sealed the final result.

[16] After the final, which saw Bizcaya lift the trophy after beating FC Barcelona, it was decided that the losing teams would play a consolation trophy called the Copa de la Gran Peña, but New did not inscribe for the consolation tournament due to the very poor level showed in the Copa de la Coronación, and the tournament ended up being won by their neighbours, Madrid FC.

In 1903, as a result of the disagreements among its members, many of them decide to leave the club, including its president, Manuel Vallarino, who left for Madrid FC.

[1][2] Copa de la Coronación: The society wore a red blouse with blue pants according to publications of the time.