The channel belong to the users on it. without the users the channels aren't anything. and if some users can't follow the rules, then they get forced out from the channel.
And on the contrary, the channel belongs to the ops. The amount of regular user population isn't significant. If all the regular users left and all was left were the ops - well, that wouldn't mean anything different.
The following below is useless text.
And the phrase goes on, the channel belongs to the IRC ops/admins of Efnet. They can come in and do whatever they want. The channel belongs to Hardy - the CEO of Efnet.