For the longest part of its history, SM Caen remains one of the leading amateur club in France, playing upon its foundation at stade de Venoix. The late 1980s and early 1990s saw the rise of Stade Malherbe into French football hierarchy. In 1985, Stade Malherbe adopted professional status. Three seasons later, it was promoted for the first time in first division. In 1992, several months after it was narrowly saved from bankruptcy, the club ends at fifth place of Division 1 and qualifies for the UEFA Cup. In 1993, the club moved to the modern Stade Michel d'Ornano, but was relegated two years later. Despite a second division title won in 1996, SM Caen quickly fell back into the anonymity of the second division.
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