( CNN ) -- FC Moscow have pulled out of the 2010 Russian Premier Liga after the club 's owner withdrew financing of the club . After days of speculation Sports Projects , a subsidiary of the club 's owners Norilsk Nickel , confirmed on Friday the company could no longer justify financing the club . The club 's future now looks uncertain , with lower league football or even closure a possibility . Meanwhile , Montenegrin coach Miodrag Bozovic , his staff and players are expected to be told to find new employers . `` In my opinion the decision has been taken because , from the point of view of the club 's location and name , it does not fit in with the priorities of Norilsk Nickel , the majority of whose workforce are based in Russia 's polar regions and the Krasnodar territory , '' Sports Projects general director Leonid Isakovich told reporters . `` Our decision has been influenced by a lack of support from the Moscow authorities . We have made several attempts to find mutual cooperation , but were unable to find an understanding . '' The club passed the licensing requirements to compete in the Premier Liga on Thursday , offering a glimmer of hope . But the growing speculation surrounding Norilsk Nickel 's continued backing led to a group of fans congregating at the city 's Sheremetyevo airport to lobby support from national team coach Guus Hiddink , who was returning to the country to meet new Russian Football Association president Sergei Fursenko . FC Moscow were founded in 1997 under the name Torpedo-ZIL . They finished the 2009 season in sixth place , narrowly missing out on a Europa League spot , and have reached the quarterfinals of the Russian Cup , with ties due to be played in April . Former Russian champions Alania Vladikavkaz , who finished third in Division One , are now expected to take FC Moscow 's place in the top flight . FC Moscow may not turn out to be the Premier Liga 's only casualty this season . Samara-based side Krylya Sovetov , who are heavily in debt and are reported to owe some of their players wages and bonuses going back to August , have until February 15 to clear their debts and satisfy the licensing requirements for the coming season . The 2010 Premier Liga is due to begin on March 13 .
FC Moscow have pulled out of competing in the February 15 Russian Premier Alania Vladikavkaz . The decision comes after the their owner withdrew financing of the club . Liga are now expected to take FC Moscow place in the top flight .