The football club Dnipro has ceased to exist.

According to the team's unofficial website (http://fcdnipro.com/), citing its own sources, businessman Ihor Kolomoisky has refused to pay off any of the team's debts and decided to disband the club.

"Our Dnipro football team is finished. No one will pay anything. The team no longer exists. However, Dnipro Arena stadium will not be empty: the possibility of bringing in another team, either FC Volyn [Lutsk], or FC Naftovyk (Okhtyrka, Sumy region) or organizing another club with ties to the Privat network of companies [co-owned by Kolomoisky] is being considered," the website said.

According to the website, Dnipro representatives are looking for an investor to restore the team to the 2nd-tier football league among well-known politicians/businessmen in Dnipropetrovsk.