The long-range properties of the random flux model (lattice fermions hoppin
g under the influence of maximally random link disorder) are shown to be de
scribed by a supersymmetric field theory of non-linear sigma-model type, wh
ere the group GL(n/n) is the global invariant manifold. An extension to non
-Abelian generalizations of this model identifies connections to lattice QC
D, Dirac fermions in a random gauge potential, and stochastic non-Hermitian
operators.