Real Madrid have finally launched their own women's team - a decision hailed as "a huge positive".

Los Blancos completed a 300,000 euros (£271,000) buyout of Madrid-based club Tacon, which has now been officially renamed Real Madrid Femenino.

In a statement, Real said it wanted to "contribute to the sport's development and growth".

Real president Florentino Perez said: "The time has come to build a team that you will all be very proud of."

Real were one of the only major football clubs in Europe that didn't have a women's team.

Lyon forward Ada Hegerberg, the first winner of the Women's Ballon d'Or in 2018, said the creation was "a huge positive".

The 24-year-old added: "I'm hoping they will stabilise the investment over a long period and that they have a long-term perspective because it can't happen overnight."

Tacon, formed in 2014, went on a recruitment drive after promotion to the Spanish women's top flight last season, knowing there was the likelihood of a takeover.

They signed Sweden internationals Kosovare Asllani and Sofia Jakobsson, who was nominated for the 2019 Women's Ballon d'Or, and Brazil midfielder Thaisa from AC Milan.