In 1992, Ravenna were awarded Serie C2 champions, being promoted to Serie C1. Only one year later, in 1993, Ravenna won the Serie C1 league and gained promotion to Serie B for a historical first time. However, this lasted only one season, and Ravenna returned to Serie C1 in 1994. They returned to Serie B in 1996, playing in the Italian second division until 2001, when they were relegated to Serie C1 and successively cancelled by the Federation because of financial troubles.