I feel very, very sorry for the poor students who had placed tens of thousands on account in anticipation of cheaper flying and the dream of a PPL only to be shafted royally by crap management who have fleeced innocent people..... This practice of taking money on account into flying clubs and it just going inot the pot with the normal operating cash flow account MUST be stopped.
One of my "rules" is that as soon as a club starts to offer big discounts for putting money into an account with them, the place is in trouble.
NEVER, EVER pay upfront and if you do, do it via credit card so that it is them doing the chasing not you!
Losing Old Sarum FC is a real shame, but hopefully a new and even better venture can take over.