Right to a high extent - the club will remain in your bag or inventory "forever", in the pristine condition of the first day.
But, nitpickingly, we don't own them. We don't even own the credits in our accounts.
From the T&Cs, all our "belongings" are granted to us by licenses which may be limited and which are revocable. We buy credit licenses with real money (add "free" credits), we exchange them in the Pro Shop for available item licenses, and they are taken away by count (balls) or by management decision (expulsion).
That's the business.