Impact of deleting/removing a user

What is the impact of deleting a user if they were previously an owner of sheet and groups? (Note; I have already transferred all of their items to someone else, but they were the original author of these sheets and had input (row entries and comments alike) . I don't want to lose knowing what they did in the past in case we need to go back and look at history and such.

I do not want to keep a potential open login either by leaving the free license account "Active".

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