[3] The roots of the club date back to the end of the 20th century when efforts were made to establish women's football in Cantabria where no teams and few players were registered.

Some more Cantabrian teams also reached the second tier, most notably CD Monte who became a main rival and finished above Racing in the 2017–18 season – the match between them was played at the Sardinero due to its local significance, with 2,000 spectators in attendance.

Racing Féminas competed in the Copa de la Reina for the first time in the 2021–22 season after the competition was opened up to clubs outside the top division; they reached the third round before losing 5–0 at home to the professionals of Athletic Bilbao.

[14] The career of midfielder Silvia Martínez ('Pinxis') spanning three decades has been closely linked to the development of football locally:[15] her father José Ramón was involved in the foundation of Reocín in 2001 primarily so she and her female friends could enjoy the game as teenagers, having grown too old to be allowed to play with boys.

[21] Ligia Moreira (Ecuador), Liucija Vaitukaitytė (Lithuania) and Elexa Bahr (Colombia) were capped for their country as Racing players in the early 2020s.