UK ownership dispute
Hi, I wonder if anyone could advise me in this ownership dispute.
University Flying Club was a part of University Sports Union. In 2008 Flying Club bought an aircraft, funds came partially from Sports Union partially from private donations. Final invoice came to Flying Club. Flying Club has also nominated two Trustees to become registered owners.
In 2014 Sports Union made a decision to close Flying Club and Executive Committee of Sports Union decided that all assets of Flying Club will be transferred to Sports Union (process is not specified in Sports Union constitution). This decision was not communicated to Trustees (they've only learnt that this week) and Sports Union has failed to meet its obligations to notify CAA of change of ownership so aircraft remains registered under two Trustees of a Club (that doesn't exist).
Recently Trustees together with former members of a Flying Club started to make enquiries about this aircraft but have been told to step back because it belongs to Sports Union.
My question is who is the owner of this aircraft (and on what grounds).
And is there any chance for Trustees to get this aircraft back?
I will much appreciate your help
Many thanks