>>150804577
They're basically dead at this point
>very good in the 40s and 50s
>drop extremely hard in the 60s, lose their pro status
>bought in the 80s by the Lagardère/Matra group
>if that name rings a bell, you must be screaming in fear and anguish right now
>massive investment to make it THE parisian club
>keep in mind, that was not long after the PSG/PFC split and Paris did not have a top club, an anomaly in european football (Germany does not count)
>overspend, underdeliver
>club's fortunes now tied to Lagardère and Matra, which was about to shit the bed EXTREMELY hard
>very long story short : the part of Matra that had military contracts was partially nationalized,attempts at diversifying from a car manufacture to a media empire went horribly wrong at first and owner Jean Luc Lagardère ended up having to sell a lot of his acquisitions at a pure loss
>Racing was one of them
>back to the amateur level
>have been stuck there ever since
>have not played above the 3rd tier since 1989
>currently playing 5th tier football