The arena hosted two major international basketball events in the first decade of the 21st century - the knockout stage of EuroBasket 2007 and the EuroLeague's Final Four 2008.

In 1872 the then mayor of Madrid, the Count of Toreno, laid the foundation stone of a new bullring, since the old, located next to the Puerta de Alcalá, was demolished for the construction of new neighbourhood.

Two years later, on 4 September 1874 the mayor inaugurated the bullring, built in a neomudéjar style and designed by architects Álvarez Lorenzo Capra and Emilio Rodríguez Ayuso.

Finally, 1952, Mayor José María Gutiérrez del Castillo promoted the construction of an indoor arena such as already exist in other European capitals.

In 1985, ownership of the Palace was transferred to the regional administration of the Community of Madrid, who undertook a comprehensive reform of the building.

During the 41-year life of this first Palacio de los Deportes gathered inside a number of sports competitions: basketball, athletics, boxing, handball, martial arts, cycling and gymnastics as well as equestrian, skating, hockey and up trial.

It has a variable capacity depending on the configuration to be adopted: Note: Meghan Trainor's The Untouchable Tour is part of the Coca-Cola Music Experience.