Founded in 1970, the Parisians won their first major honour, the French Cup, in 1982 and their first Ligue 1 title in 1986. The 1990s was among the most successful periods in PSG's history; they claimed a second league, three French Cups, two League Cups, two French Super Cups and the UEFA Cup Winners' Cup in 1996. After suffering a decline in fortunes during the 2000s, the Red and Blues have enjoyed a revival since 2011 with increased financial backing; they have clinched seven league titles and eighteen national cups, achieving unparalleled dominance in domestic competitions. In 2020, the club reached the UEFA Champions League final for the first time, losing to Bayern Munich.