Ah the story is long but the outcome is short - nothing happened.
It was deemed not financially viable to run the club as a "not for profit organisation" but, another organisation that was training elsewhere thought to take it on. BUT, they had problems of their own and although planes arrived the club never got off the ground.
By this time much of the support drained away. So the core of the students and qualified members that hired have gone to the Cotswold Flying School
Cotswold Flying School Home Page which operates from the tower building.
The premises of the old Kemble Club are still, I believe, vacant.