Real Madrid: World's most valuable club now has women's team

After a meeting of the club's socios, the club will have a women's football team for the first-time next season.

Earlier this year, the Spanish club approved the acquisition of Madrid-based women's club CD Tacon for a reported €500,000 ($550,000) and now it has been approved at the general assembly of socios by an overwhelming majority -- with 90.6 percent voting in favor.

It earned promotion to the La Liga Iberdrola -- the top tier of Spanish women's football -- on May 19 for the first time after beating Santa Teresa in a playoff.

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