Where Real Madrid are losing in spring (3)
I believe the answer is:
spa
'spring' is the definition.
(spa can mean a mineral spring)
'where real madrid are losing in' is the wordplay.
'where real madrid are' becomes 'Spain' (Real Madrid are a Spanish football team).
'losing' indicates named letters should be taken away.
'spain' with 'in' taken away is 'SPA'.
(Other definitions for spa that I've seen before include "eg Vichy" , "Curative resort" , "Bath, possibly" , "Healthy place" , "Watering-place" .)