July 25, 2000, 25 years ago: Real Madrid Club de Fútbol sign Luís Figo to a contract. This begins the team's "Galácticos" Era.
The Spanish soccer team define themselves by the UEFA Champions League, the tournament known from its 1955 establishment until 1992 as the European Cup, which is still the name of the trophy given to the winner. They won the 1st 5 in a row, from 1956 to 1960. They won it again in 1966. Then they didn't win it again until 1998. From 1966 onward, managers have been fired for not winning it, even after seasons when they won Spain's La Liga.
They won it in 2000, in large part because they had signed one of the best players from England, Liverpool FC's Steve McManaman. Inspired by this, and newly installed as the team's president, Florentino Pérez was determined to keep it. So, hearing that Figo, the most popular player for their arch-rivals, FC Barcelona, was disgruntled and wanted to leave, they paid €62 million for him.
The reaction in Catalonia was fury and a sense of betrayal: One banner at an El Clásico match between the teams read, "We hate you so much, because we loved you so much."
Pérez also signed Claude Makélélé from Spanish team Celta Vigo. He and Figo were added to a team that already included Fernando Hierro, Raúl (González), Guti (real name: José María Gutiérrez), Roberto Carlos, Fernando Morientes, Míchel Salgado, and goalkeeper Iker Casillas.
But Real were eliminated from the 2001 Champions League in the Semifinal, by Germany's Bayern Munich. So Pérez poached perhaps the best player in the world at the time, spending €73.5 million to get French midfielder Zinedine Zidane from Italian team Juventus. It worked, as Zidane led Los Blancos to win the Champions League in 2002.
But enough was never enough. Pérez shelled out €45 million to get the world's best forward, 2002 World Cup winner Ronaldo of Brazil, from Italian team Internazionale Milano. A generation later, it can now truthfully be said that Cristiano Ronaldo is not even the greatest Ronaldo to play for Real Madrid in the 21st Century.
But in 2003, Juventus knocked Real out in the Semifinals. So Pérez splashed the cash again, giving English champions Manchester United €37.5 million for the most famous (though hardly the best) player in England, David Beckham. It wasn't enough: In 2004, AS Monaco eliminated Real on penalties in the Quarterfinal. So Pérez made another entreaty to England, getting Michael Owen from Liverpool. But the injuries that curtailed Owen's career were already taking effect. The era was fizzling out, and Real did not win the Champions League again until 2014 -- although that started a run of 5 in 9 years, giving them 14, twice as many as any other team.
The Galácticos concept inspired other teams. In 2003, Russian oligarch Roman Abramovich bought West London team Chelsea FC, and spent them to glory, including buying Makélélé. The royal family of the United Arab Emirates bought Manchester City, and did the same thing. The prices of players went up, up, up. A player whose talents might have cost €5 million in 2005 would, by 2015, have cost €50 million, leading to the joke, "Did somebody forget a decimal point?"
And, of course, teams in North American sports have tried the "superteam" concept. Long before most Americans knew Real Madrid even existed (I think a majority still don't know), the New York Yankees tried it in the 1920s, the 1930s, the 1950s, the late 1970s, and the late 1990s, with great success; and kept trying it in the 2000s, with limited success. The Los Angeles Lakers have tried it over that period, with some success, but also -- particularly in 2004 and since their 2020 title -- with considerable disappointment.
It's worked in the NBA for the 2008 Boston Celtics and the 2012-13 Miami Heat, but it failed for the early 2020s Brooklyn Nets. In the NHL it worked for the Toronto Maple Leafs in the 1960s, the Montreal Canadiens in the 1970s, the New York Rangers briefly in 1994, and the Detroit Red Wings in the late 1990s and early 2000s; but, since then, no other team has been bold enough to try it. And in the NFL, the New England Patriots did better when they didn't try it than it did when they did.
