Well, in fairness, we must admit that there were some achievements, both at the level of national teams and clubs - CSKA and Zenit won the UEFA Cup. As for unprofitability, this is a continuation of the Russian state - when everything is state-owned (formally or in fact), then naturally unprofitability or profitability does not bother anyone. Football was a political project and I'm glad that it fell under the rink like other areas of Russian interest.
I always wondered why Gazprom and Rosneft are spending hundreds of millions of USD in sponsoring sports teams, when a lot of people in Russia don't have access to piped natural gas. During the peak period of 2009-2014, these companies were carelessly spending their revenue, instead of re-investing them in new projects. As a result, countries such as Qatar and Australia surged ahead with new LNG projects and Russia lost market share everywhere. And it is not just the government owned companies. Oligarchs like Roman Abramovich were also splurging their money carelessly while their compatriots were suffering back home in Russia.
I'm from Russia and I've always wondered about this too (actually not because I know that the Russian state considers its citizens to be slaves/resource). As for non-state companies, this is a misconception, we have all companies state-owned - but some are formal state-owned, and some are not.
Both Russia team CSKA Moscow and Zenit always active participants on Champion League or Europe League but in this season after suspending by UEFA will give their slot to other country for qualifying on both UEFA competition between champion league or europe league, I think bad impact because Russia football team can't participant on UEFA competition next season if still suspended and war invasion keep continue until next football competition begin, I think still have chance for Russia football team for getting back their chance to UEFA competition if war stopping and FIFA will give back football access to Russia.
Various options are possible, including such as with Yugoslavia or Czechoslovakia, as I wrote in another topic. No one knows what Russia will turn into after the war, but the fact that sports issues are nonsense against the backdrop of the war is a fact.