Arda Guler struck in the first-half for Real Madrid's 1-0 win on Wednesday evening.
Afterwards, Bordalas said: “In football, the truth is that merits aren't objective, they're the results, which were adverse. The team deserved to at least get a draw. We stood up to a team like Real Madrid. It's a shame we weren't sharp.
"Players like Luis Milla, who participated through injury, deserve a monument to them. Our freshness took its toll on us, allowing us to score a goal and turn things around or at least draw.
"We've been struggling in recent matches; we've lacked consistency. We wanted to adjust against an opponent of Real Madrid's calibre and grow as a team from there. Everything has changed; we made a tactical change, but the team wasn't comfortable. The team improved with the changes; they tried hard. I have to congratulate them; the team resembled what we were looking for."
Squad depth blamed
Bordalas was also critical of the board over the lack of depth with his squad this season.
He insisted: "We've been dragging a problem since preseason; we have no memory of it, but we don't. In midfield, we only have Mauro and Luis; they're exhausted.
"Luis Milla has had to play through injury, and the only replacement is Yellu, who was playing in the Segunda Division; he needs experience. It's been the trend, so what this team is doing is incredibly impressive. You can't call it a bad run. We've been dragging our bad run since preseason.”