After the 2000 financial crisis at CSKA, the club, as a state company of the Sports Committee of Ministry of Defense, had its budget cut and was on the brink of being dissolved. On 9 October 2001 Oleksandr Danylchuk was calling rumours and populistic claims when commenting on the declarations about CSKA Kyiv will become Arsenal Kyiv. Transferring of CSKA under jurisdiction of the city authorities is not taking placing. There is no "Arsenal". Not me, nor the Ministry of Defense will make any kind of deal. The words of Oleksandr Omelchenko have no actual confirmations. There is no any commercial entities and no people's deputies who participate in creation of "Arsenal". Those are all empty talks that take place not one year already. During that time, the city did not invest a single dime in the club.