Racing won its third international competition in 1988, when the team won the first edition of the 1988 Supercopa Sudamericana, defeating Brazilian team Cruzeiro in the finals, with Alfio Basile still as coach.
That same year Racing won the non-official Supercopa Interamericana beating Sportivo Herediano from Costa Rica 3–0.

Racing also played another Supercopa final and was defeated by Cruzeiro 4–0 in Belo Horizonte.
Racing won the 2nd match 1–0 but the cup was awarded to the Brazilian team by goal difference.
Racing won its third international competition in 1988, when the team won the first edition of the 1988 Supercopa Sudamericana, defeating Brazilian team Cruzeiro in the finals, with Alfio Basile still as coach. That same year Racing won the non-official Supercopa Interamericana beating Sportivo Herediano from Costa Rica 3–0.
Racing also played another Supercopa final and was defeated by Cruzeiro 4–0 in Belo Horizonte. Racing won the 2nd match 1–0 but the cup was awarded to the Brazilian team by goal difference.
Racing Club de Avellaneda