Similarly to the Real Madrid athletic association football club, the basketball team has been the most successful of its peers in both Spain and Europe.

Some of the club's star players over the years have included: Carmelo Cabrera, Arvydas Sabonis, Dražen Petrović, Rudy Fernández, Sergio Rodriguez, Sergio Llull, Felipe Reyes, Serge Ibaka, Mirza Delibašić, Dražen Dalipagić, Nikola Mirotić, Juan Antonio Corbalán, Fernando Martín, Alberto Herreros, Dejan Bodiroga, and Luka Dončić.

For at least half a century, Madrid has been a standard-bearer in European basketball, accumulating a record ten continental titles, based on its dominance in the 1960s.

Players like Emiliano Rodríguez, Clifford Luyk, Wayne Brabender, Walter Szczerbiak, Juan Antonio Corbalán, Dražen Petrović, Mirza Delibašić, Arvydas Sabonis, and Dejan Bodiroga have turned Real Madrid into one of the biggest basketball clubs in the world.

Real Madrid won the 1992 Saporta Cup trophy against PAOK, on a buzzer-beating jumper by Rickey Brown.

It was not until Sabonis arrived in Madrid, when Real won its eighth EuroLeague title in 1995, by beating Olympiacos in the final.

Also, ACB Rising Star winner Nikola Mirotić was a part of the team's mix, along with Sergio Llull and Felipe Reyes, to give Real Madrid a strong home grown core of players.

The considered major leader of the team that season would be a Slovenian guard/forward named Luka Dončić, who became the designated MVP of the EuroLeague on all accounts at 19 years old.

[9][10] Exactly one month later, Real Madrid parted ways with him citing "medical reasons exclusively" and adding that keeping him as a coach in his health condition would have been "a risk that this institution cannot assume".

Sergio Llull winning the cluch 2-point shot at 3.1 seconds, but Real Madrid beating Olympiacos 78—79 in the final.

The following former Real Madrid players are inducted into the Naismith Memorial Basketball Hall of Fame: * Unofficial edition