Summer of 2016 it meant a new beginning for "U". With a sporting society in insolvency, with big chances of bankruptcy and an owner arrested for tax evasion and money laundering, there was no other solution than the formation of a new club. Cluj-Napoca Municipality which is the owner of "U" Cluj logo and record terminated the lease agreement with the company of Florian Walter. Than Cluj-Napoca Municipality together with Babeș-Bolyai University and "U" Cluj Supporters Association started a new project entitled ACSF Alb-Negru al Studenților Clujeni (ACSF White-Black of the Students from Cluj) a name that was given to the new team, because the society administered by Florian Walter was not yet bankrupt and the name of FC Universitatea Cluj could not belong to two companies. After the foundation of the new team Cluj-Napoca Municipality rented "U" logo and record to the new society. The team was enrolled in Liga IV-Cluj County, Ioan Ovidiu Sabău has been named team manager and Marius Popescu the new coach. Șepcile Roșii also signed with a lot of valuable players like Octavian Abrudan, Alexandru Păcurar, Dorin Goga or Gabriel Giurgiu. Together with them in the team have been added the most talented players of "U" Cluj Football Academy and the objective was the promotion. The project was a real success and Studenții won Liga IV without any problems, winning 26 matches and making only a draw in a match against Sticla Arieșul Turda. Also the team achieved the number of 1,000 contributing members and a lot of development projects are planned. On 29 September 2016 Walter's society, FC Universitatea Cluj, has gone bankrupt leaving the name free. But the bankruptcy occurred after the starting of the 2016–17 Liga IV season, so the name remained ACSF Alb-Negru al Studenților Clujeni for that season. On 11 May 2017 was announced officially that from the 2017–18 season the team will return to the old name, FC Universitatea Cluj and also the basketball team will evolve under the same brand. Stadium Ion Moina Stadium, the first football and athletics stadium in Cluj-Napoca, was built between 1908 and 1911 and had a capacity of 1,500. The official inauguration in 1911 was a game between a Cluj team and Galatasaray Istanbul. It was the first game in Europe for Galatasaray; the Cluj team won 8–1. In 1961, new U-shaped stands were built and the capacity of the stadium became