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World record signing Bale headed them in front after 110 minutes, Marcelo made it 3-1 following a solo run eight minutes later before Ronaldo, the Portugal captain playing in his capital city, converted a penalty with almost the last kick.
The goal was Ronaldo’s 17th of the Champions League campaign, a record for one season, and he became the first player in the competition’s 59-year history to score for two different winning sides in open play in the final, having scored for Manchester United when they won the 2008 European Cup.
The victory also meant Carlo Ancelotti became only the second coach to win the European Cup three times after Bob Paisley’s Liverpool triumphs in 1977, 1978 and 1981.
Italian Ancelotti also won the trophy twice as a player with AC Milan in 1989 and 1990, while Real became the first team to score four goals in the final since Milan’s 4-0 win over Barcelona in 1994.
A header from Bale 20 minutes into extra time turned the match a month after the Welshman scored the winner with a stunning solo goal in a 2-1 King’s Cup triumph over Barcelona.
His latest goal repaid a further chunk of the 100 million euros ($136.31 million) Real paid Tottenham Hotspur to secure his signature last August and all but killed off any hope the flagging Atletico players had of winning the match.
Following their triumphs of 1998, 2000 and 2002, Real became the first team to lift the trophy four times since the Champions League was reformatted in 1992. It was a hard-won victory for Real but in the end they deserved it.