Founded in 1982 as a two-team competition, the current version has been contested since 2020 by four teams: the winners and runners-up of the Copa del Rey and La Liga.

[16] In 1941 the Copa Presidente FEF was established as an official tournament founded and organized by the RFEF; however, it was also only contested once, and though 11 of the 12 matches in its mini-league format were played between April and May 1941, its last, decisive fixture was delayed until eventually taking place in September 1947.

[20] On 12 November 2019, it was announced that the Supercopa would expand to four teams, the winners and runners-up of the Copa del Rey and La Liga, and would be held at King Abdullah Sports City in Jeddah, Saudi Arabia for the next three years, in a deal valued at €120 million.

[22] In the past, Tebas had been a major advocate to hold the competition outside of Spain, and especially the United States, as part of his efforts to expand La Liga globally.

[23] RFEF president Luis Rubiales stated that women would be able to attend the matches without restriction, and defended the agreement as the use of football to "transform society".

[24][25][26] Neither the Copa del Rey nor La Liga winners reached the Supercopa de España final in the first three editions of the four-team format.