Iorgulescu, and Gheorghe Hagi played for Sportul Studențesc during that time period. After the fall of communism in late 1989, the club struggled to keep afloat. Financial struggles and a constant loss of talented players lead to an unavoidable outcome. At the end of the 1997–98 season the club relegated to the second division, after more than 25 years at the top flight. One year later, the club came very close to a demotion to the third division, however, with the help of a young investor, Vasile Șiman corroborated with massive rejuvenation of the squad, Sportul Studențesc turned things around and the team remained in the second league. Two years later, at the end of the 2000–01 season Sportul Studențesc saw its third accession to the first league. After a fierce battle with Farul Constanța for the top spot in the standings, "the students" finished first, with 81 points and a 71–17 goal differential. The promotion to the top flight was short-lived. At the end of the 2001–02 season, the club relegated back to the second league. At the end of the 2003–2004 season, the club, once again, promoted to the first league, despite having sold half of their squad from the previous season. They had a praiseworthy evolution in the 2004–2005 seasons, ending the championship in sixth place with Gigel Bucur the league's top scorer (21 goals). Throughout the 2005–06 season the team, coached by former international player Dan Petrescu in the first half of the season, and by Gheorghe Mulțescu in the second half, had a very good run, finishing the season in fourth place, the highest since 1987. During the off-season, the club was relegated due to financial reasons. After spending four seasons in Liga II, at the end of the 2009–10 season, the club promoted back to Liga I. Sportul finished the 2010–11 season in last place, and therefore, should have been relegated. However, due to licensing controversies by other Liga I clubs, Sportul Studențesc was allowed to continue playing in the first league for the 2011–2012 season. At the end of the 2011–12 season, the club finished 17th and relegated from the top tier. Colours and badge The team's colours are black and white, the traditional students' team colours. The logo consists of a stylized "S" on a black and white background, alongside the club's official name and year of establishment. European record Shirt sponsors