the newly formed and already widely accepted Football Club Metalurh Donetsk. After placing second in the Druha Liha Group C, the club gained the promotion to the Persha Liha. In the next season, 1996–97, Metalurh won the Persha Liha championship and were promoted to the Vyscha Liha. The club successfully started in the Top League and also improved significantly at the domestic Cup competition. Metalurh has obtained a few bronze medals in the league and since 1998 made through to at least the quarter-finals of the Ukrainian Cup. The club financially struggled between 1999 and 2001 being kept afloat by individual efforts of Mykhailo Lyashko and Vladyslav Helzin, who both in 2001 decided to create their own club (see FC Olimpik Donetsk). In 2001 Metalurh was purchased by ISD, Ukrainian industrial corporation owned by Serhiy Taruta, one of the most wealthy businessmen in Ukraine and Europe. Throughout majority of the first decade of the new millennium, Metalurh's owners developed a close working relationship with well-known Ukrainian agent Dmytro Sylyuk, who soon became club's acting chairman and who gained much bad publicity for bringing so many foreign players into the club that they outnumbered domestic players. Many were brought in without the manager's consent, and were given overly generous pay, among them Yaya Touré, Andrés Mendoza, and Jordi Cruyff. Furthermore, while working with Metalurh, Selyuk lived in Barcelona and was a rare visitor to Ukraine. After Sylyuk's questionable signings, he was dismissed from his position and the majority of the players brought in by him also left. It later appeared that many of them had contracts with Sylyuk and not directly with the club. After the era of Sylyuk ended, Metalurh's performance declined and a hunt for medals turned into a struggle for survival. However, in 2008, Bulgarian specialist Nikolay Kostov was brought in to rebuild the team. In his first season with the club, Kostov turned Metalurh's performance around and the club finished fourth in the league, which won them a spot in newly formed UEFA Europa League. Bankruptcy and merger Because of the war situation in the East Ukraine, on 17 June 2015, the Industrial Union of Donbas decided to merge both its clubs FC Metalurh Donetsk and FC Stal Kamianske. The new club was to be primarily based on the Kamianske team and to continue its participation under the name of FC Stal Kamianske. A number of Metalurh