In August 2016, a new club called FC Metalist 1925 Kharkiv applied for the 2016–17 Ukrainian Football Amateur League, where it was headed by Oleksandr Pryzetko. The owner of FC Metalist 1925 Kharkiv is the company TOV Avanhard Kharkiv, later renamed to FC Metalist 1925 Kharkiv. TOV Avanhard Kharkiv is controlled by businessman and Kharkiv City Council deputy for Petro Poroshenko Bloc "Solidarity" Oleksandr Davtyan and his family. The club has planned to play in the professional Ukrainian Second League as soon as possible.