Following the appointment of Paul Malone as player/manager in 1984, the club would have quite a strong decade that spilled into the early 90s, with several respectable league finishes and another Ulster Cup win in 1987.

The club would slip into decline from the early 90s, Malone would depart in 1991, with Larne being relegated to the old first division in 1995 with the next 8 years seeing a period of regular financial trouble and struggle to compete for promotion.

[7] The club lifted the 2018–19 NIFL Championship title, comfortably finishing ahead of second-placed rivals Carrick Rangers by 17 points.

This secured a return to the top flight for the first time since suffering relegation to the second tier in the 2007–08 season after failing to meet the criteria for the new IFA Premiership.

[9] In their fourth season back in the top flight, The Inver Reds won an historic first NIFL Premiership title in 2023 following a 2–0 win over Crusaders in April 2023.

As a result of their title victory, the club would make their first ever appearance in the qualifiers for the UEFA Champions League in the summer of 2023, taking on Finnish giants HJK Helsinki.

[15] Larne would lose narrowly 2-1 to Swiss side St Gallen, in what was a commendable performance against much superior opposition for the Inver Reds.

[16] Larne also have a women's team who were originally formed in November 2004, before being reincorporated back into the club in 2018, having been previously dormant for a number of years.