On 19 October 2001 after a meeting with the deputy minister Ivan Bizhan, the city mayor Oleksandr Omelchenko and the CSKA honorary president Oleksandr Danylchuk, it was decided to create on the base of the Army team a new entity, Arsenal Kyiv. On the proposition of CSKA–Kyiv (part of "Unіsport Consaltіng Ltd"), in the same day the Kyiv city mayor Oleksandr Omelchenko issued an order on constituting a limited liability company FC Arsenal Kyiv where 51% of the company owned by the Kyiv city community. The other 49% was still owned by the Ministry of Defense and CSKA as a company. On 8 November 2001 the Kyiv City Council adopted the decision on the creation of the club and increase the constituent fund to 80% (9,440 hryvnias), while the other 20% (2,360 hryvnias) belonged to other members of the company. The First League second team CSKA-2 Kyiv continued to be affiliated with the Ministry of Defense and once again became the primary team of the Army football club, FC CSKA Kyiv.