The club was founded in 1929, but its peak was during the 1980s and 1990s, when they became the first French club to win a major European-wide title in a team sport, by winning the
FIBA European League (EuroLeague) in
1993. In the 1999–2000 season, Limoges won its 9th
top-tier level
French League title, but it was
relegated to the French second division
LNB Pro B, after winning it, because of financial problems. The club didn't get back to its old state for a long time, as it spent the next 3 years in the Pro A, but was relegated again in 2004 after finishing dead last. Starting with the 2004–05 season, Limoges played in the
NM1, the French third division, due to continued financial problems. It took the club six seasons to eventually return to the Pro A. In the 2013–14 season, Limoges returned to its old glory, as the team captured its 10th French League national championship, by beating
Strasbourg IG 0–3 in the French League Finals.
Alex Acker was named
Finals MVP. The club thus qualified for the
2014–15 EuroLeague by winning the French League championship, which would be their first appearance in the
top European-wide league in 17 seasons. In the EuroLeague, Limoges lost 8 out of 10 games, managing to win against
UNICS and
Cedevita, before being relegated to the European-wide second tier level
EuroCup. In the EuroCup Round of 32, Limoges was eliminated, after finishing 3rd in
Group J. In the French Pro A, Limoges once again had a successful season. In the regular season, Limoges finished in 3rd place behind
JSF Nanterre and Strasbourg IG, but in the French League playoffs, they made up for that. In the French League Finals, Limoges beat Strasbourg 1–3, to win back-to-back French League titles.
Ousmane Camara was named
Finals MVP. ==Arena==