I wasn't part of the team when this went on but remember the announcements and was shocked at the behavior of said Admin.
I personally (not the Teams opinion) think that his behavior was (and still is) despicable. If a purchase is made for the club it should remain part of the club irrespective of whether you decide to leave the club or not. If money was the issue then the funds retained would probably have covered it. I don't believe that money was the issue though.....
Anyway, I'll let all the members voice their own opinions on the situation.