West Ham to raise £30m via rights issue due to lack of revenue

[supersonic]

another timely reminder that every club will be hit by this, no matter the size of club, revenue or league they play in. that includes Rangers.

this comes after Burnley saying they will soon run out of cash if no solution is found.

West Ham plan £30m rights issue to cover revenue shortcomings

West Ham have come up with a plan to tackle the financial problems caused by the coronavirus pandemic

www.theguardian.com

 

[Smiles]

Who would invest in any football club at the moment? Not sure this will achieve the target.

 

[supersonic]

Who would invest in any football club at the moment? Not sure this will achieve the target.

original investors will be invited to invest more into the club, they either accept and pay in or don't accept, diluting their shareholding % accordingly. Sullivan and Gold will be paying into it apparently.

on your first question, people should also realise how that effects our current fundraising efforts and how that will most probably be impacted

 

[JRei8790]

I have genuinely never heard a single Rangers fan say our club will be unaffected by the pandemic.....

 

[tastic76]

When do we think Rangers will take action. No way we can sustain this and not do something.

 

[kirkiebluenose]

West Ham are a basket case G&S have destroyed them

 

[Now and forever]

Clubs left, right and centre are putting plans in place and informing supporters.

Why have we heard nothing on this?

 

[KGR98]

Clubs left, right and centre are putting plans in place and informing supporters.

Why have we heard nothing on this?

The club are obviously confident that they can ride it out a bit longer before cutting staff

 

[The Moon on Mars is Blue]

When do we think Rangers will take action. No way we can sustain this and not do something.

They have got to look to start selling the season books soon even tho' we are not sure when it will be. I do hope we don't have to lay anybody off . It would be nice if the players contributed to paying the rest of the staffs wages.

 

[Niptrueblue]

I am confident we have the right people in charge to see us through this.

 

[shug1971]

When do we think Rangers will take action. No way we can sustain this and not do something.

Could it be we are one of the few clubs that have adequate insurance though? Otherwise I’m amazed we are carrying on as normal

 

[Robert Marshall]

Clubs left, right and centre are putting plans in place and informing supporters.

Why have we heard nothing on this?

Because the Club is obviously not wanting to release any information at the moment,
The fans can once again play their part by buying ST. The ones that will be in the fortunate position to do so

 

[Robert Marshall]

I am confident we have the right people in charge to see us through this.

Of course we have

 

[uneasydaz]

They have got to look to start selling the season books soon even tho' we are not sure when it will be. I do hope we don't have to lay anybody off . It would be nice if the players contributed to paying the rest of the staffs wages.

Can't see many season tickets being sold while people's wages are uncertain

 

[Berserker]

They have got to look to start selling the season books soon even tho' we are not sure when it will be.

Can the club sell season tickets on that basis?

 

[Robert Marshall]

Can't see many season tickets being sold while people's wages are uncertain

it is definitely uncertain but I think we can sell 15000 immediately

 

[Now and forever]

Because the Club is obviously not wanting to release any information at the moment,
The fans can once again play their part by buying ST. The ones that will be in the fortunate position to do so

Why would they not want to inform us and ease worries?

Other clubs have.

 

[The Moon on Mars is Blue]

Can the club sell season tickets on that basis?

No sure you have got to assume things will start to be getting back to normal by August/September

 

[The Moon on Mars is Blue]

Can't see many season tickets being sold while people's wages are uncertain

I think even if we sell 50% of the normal number early that will help the cash flow. I appreciate a lot of people will not be able at the moment to afford it.

 

[Robert Marshall]

Why would they not want to inform us and ease worries?

Other clubs have.

Which clubs have eased the worries of their fans, Aberdeen? Dundee United? Hearts? Which ones.
We are a Business and should only release information when it is right for the business.
I would like to know when I can buy my ST and put money into the Club, I will leave the rest up to the people that run the Club / Business
I am not worried

 

[Now and forever]

Which clubs have eased the worries of their fans, Aberdeen? Dundee United? Hearts? Which ones.
We are a Business and should only release information when it is right for the business.
I would like to know when I can buy my ST and put money into the Club, I will leave the rest up to the people that run the Club / Business
I am not worried

Yes all you have mentioned and more both up here and down south.

I dont care if you're worried or not i know many have concerns as do i and would like a bit of reassurance .

Football was suspended 23 days ago and we've heard nothing regarding this situation.

 

[Stewart clark]

Just shows that despite the billions in the game down there that there is still major fragility in some clubs finances.
Scary really

 

[Robert Marshall]

I think even if we sell 50% of the normal number early that will help the cash flow. I appreciate a lot of people will not be able at the moment to afford it.

50% is asking a lot but nothing would surprise me with our support6 in our immediate row are renewing at the first time of asking, 5 behind us and 4 in front. These are the ones I know about

 

[Robert Marshall]

Yes all you have mentioned and more both up here and down south.

I dont care if you're worried or not i know many have concerns as do i and would like a bit of reassurance .

Football was suspended 23 days ago and we've heard nothing regarding this situation.

Look I am not being funny but why do you even need to know?
I would like to know but I trust the current Board to do the right thing, they don't need to tell us anything until they are good and ready

 

[Now and forever]

Look I am not being funny but why do you even need to know?
I would like to know but I trust the current Board to do the right thing, they don't need to tell us anything until they are good and ready

Why do fans need to know about the future of OUR club in these unique times?

I know you are not being funny, that sums you up to be honest.

 

[Robert Marshall]

Yes all you have mentioned and more both up here and down south.

I dont care if you're worried or not i know many have concerns as do i and would like a bit of reassurance .

Football was suspended 23 days ago and we've heard nothing regarding this situation.

Thousands of people have died in the UK and many more across the world, I can wait for however long it takes to hear what Rangers are doing or when a football season starts.
Football in normal times is very important to millions of people in normal times.
These are not normal times

 

[Now and forever]

Thousands of people have died in the UK and many more across the world, I can wait for however long it takes to hear what Rangers are doing or when a football season starts.
Football in normal times is very important to millions of people in normal times.
These are not normal times

Total deflection.

Clubs are coming out left right and centre just now explaining the situation.

 

[Robert Marshall]

Why do fans need to know about the future of OUR club in these unique times?

I know you are not being funny, that sums you up to be honest.

Yes, it does sum me up. thee are a lot more important things going on in the world.
But each to their own.
Quite willing to bet you don't even know me

 

[Robert Marshall]

Total deflection.

Clubs are coming out left right and centre just now explaining the situation.

I don't care what any other Club is doing,

 

[Now and forever]

Yes, it does sum me up. thee are a lot more important things going on in the world.
But each to their own.
Quite willing to bet you don't even know me

Never said i did.

I've seen your views on here and they are consistent with your last point.

'Why do you have to know'.

 

[Robert Marshall]

Total deflection.

Clubs are coming out left right and centre just now explaining the situation.

Tell someone who has lost a family member to this dreadful disease that it is total deflection

 

[Now and forever]

I don't care what any other Club is doing,

And i dont care that you dont care so we can leave it at that.

 

[Now and forever]

Tell someone who has lost a family member to this dreadful disease that it is total deflection

I'm telling you as you have twisted the whole point.

 

[Robert Marshall]

Never said i did.

I've seen your views on here and they are consistent with your last point.

'Why do you have to know'.

If you had a company would you tell your customers, and that's what we are everything that is going on?

 

[Robert Marshall]

And i dont care that you dont care so we can leave it at that.

Good, you must be missing your schoolmates

 

[Now and forever]

If you had a company would you tell your customers, and that's what we are everything that is going on?

In these unique times if i had a football club i'd explain the situation to the fans as many clubs north and south of the border have yes.

Simple.

 

[Robert Marshall]

I'm telling you as you have twisted the whole point.

And how do you know I haven't had someone close to me affected by this Virus?
Football is not important at this time

 

[Now and forever]

Good, you must be missing your schoolmates

Pathetic.

 

[Robert Marshall]

In these unique times if i had a football club i'd explain the situation to the fans as many clubs north and south of the border have yes.

Simple.

That's why you will never own a football team

 

[Now and forever]

And how do you know I haven't had someone close to me affected by this Virus?
Football is not important at this time

Get off a football forum then ffs.

 

[Now and forever]

That's why you will never own a football team

Neither will you.

 

[Robert Marshall]

Get off a football forum then ffs.

I definitely should not be wasting my time interacting with some like you. I sincerely hope none of your family or friends gets this Virus. It is a Bastard

 

[Robert Marshall]

Neither will you.

I don't want to I am happy with what I have, hope you are

 

[Now and forever]

I don't want to I am happy with what I have

I'll be the bigger person here and leave it there.

Others can judge for themselves over two threads.

 

[Robert Marshall]

I'll be the bigger person here and leave it there.

Others can judge for themselves over two threads.

See here is your problem, believe in what you say and have the confidence to say it.
Never mind what other people say

 

[Now and forever]

See here is your problem, believe in what you say and have the confidence to say it.
Never mind what other people say

Enjoy the rest of your evening i've seen enough.

 

[Robert Marshall]

Enjoy the rest of your evening i've seen enough.

I always do

 

[Barryhopez]

They have got to look to start selling the season books soon even tho' we are not sure when it will be.

At this time it'd be madness if they do send an email out for renewals, IMO.

 

[okbear]

To expect to achieve £30M from investment, even from current investors, when no one knows when football will start back and in what format, I think is incredibly naive by WHU.

Out of touch with reality and possibly shows they've wasted too much time looking at and participating in solo practices from their other business interests.

 

[Stevie13000]

They have got to look to start selling the season books soon even tho' we are not sure when it will be. I do hope we don't have to lay anybody off . It would be nice if the players contributed to paying the rest of the staffs wages.

There is no way I will be paying out for a season ticket whilst the players are on full pay.