forget legal ownership for the moment and consider we are talking about a game that is now 30 years old - Elite belongs to those that still play it, end of
That might be desirable, but it's not correct in law.
Ian and David jointly owned the original game and rights were given to many others in order to port Elite to the other 8 bit platforms of the day.
I believe that Ian Bell assisted with some of Frontier Elite 2, but ultimately gave permission for Elite material to be used in FE2. The rest is less clear.
For a while Elite, Frontier and First Encounters were made available as shareware from a url
www.eliteclub.co.uk, but that no longer exists. This suggests that David Braben made arrangements for the copyright to ultimately reside with Frontier Developments.
I imagine this is now the case (I've seen nothing contrary). Ian Bell is almost certainly aware of Elite: Dangerous and would be within his rights to demand some kind of compensation or royalty for Elite materials should he still own rights.
Whether he does, or whether those rights now lie exclusively with Frontier is their business, not ours.
Cheers,
Drew.