No, nobody owns a squad name, but after nearly ten years I sure think that some are more entitled to a name than others, especially when one of them has done some dishonest and really sleazy things to get it.
Actually I do have a squad name, it's Pigs on the Wing and has been for a long time. What I need from Syko and Co. is for them to have enough decency and grown up courtesy to get off of it. I was told they would be changing their name, it was a solution to this problem I could respect, but it hasn't happened and I have no intention of letting up on this issue until they do. Syko can walk away with all the Pigs he likes but I'll be damned if he's going to walk away with the name I created and built, he can have the members, but yeah the name and the legacy is mine, and rightfully so.
-Twitchy
No ownership, no entitlements.
Decency, grown-up courtesy???? How old are you? I can't imagine you being too young as the POTW have been around for awhile. I also can't imagine an adult being so bent out of shape by a name in a game.
Start a new squad. The old squad moved on and is not what you envisioned for it anyway. I'm sure most any name you can imagine has already been used before... just like POTW. More than likely whoever used those before won't mind. <S>
It's not a dead horse, their still squatting on my squad name, thanks for playing though. They change their name to something original, and then it's a dead horse. I hope this simple logic doesn't escape you Mazz 
-Twitchy
Pink Floyd 1977
World War I pilot lingo for an enemy pilot in your blind spot.
Anyone in public you don't want to see is Pigs On The Wing
Hardly original are we......