Friday 17 Jun
Updated Thursday 06 Jan 13:37

The Bond Scheme

Background and History

What is the Bondholder scheme?

In the wake of the Hillsborough disaster in April 1989, the Lord Justice Taylor Report paved the way to all-seater stadia in the top division. With the aim of funding the necessary ground redevelopment, starting with what came to be the Bobby Moore Stand, the Club launched the Bond Scheme in November 1991. The club offered supporters the opportunity to purchase bonds in three price bands - £500, £750 and £950, ownership of which would confer the right to buy a matchday or Season Ticket for a designated seat for 150 years.

How the scheme has evolved

Following the formation of the Bondholders Committee and working with the Club, the scheme has been developed and enhanced over time, seeing a number of  new benefits introduced - not least by introducing a ten-year discount on Season Ticket prices for Bondholders (expiring at the end of the 2001/02 season).

For the 808 supporters who took up the Club's offer, the investment has been rewarded not only by the discount but by way of priority for the purchase of away match tickets. In addition, the Executive Committee of the Hammers Bond Company meets the Club’s management regularly to discuss issues that are of concern and interest to Bondholders and to many other lifelong West Ham supporters. The Bond scheme itself closed in 1997 - since when no new Bonds have been issued and the number of Bonds held will henceforth remain fixed at 808.

Bondholders at London Stadium

In 2014 Bondholders overwhelmingly voted in favour of changes to the conditions under which their Bonds were originally issued, in order to transfer them to the London Stadium come 2016. As introduced in 1991, the original bond did not foresee the Club moving grounds and so this was omitted from the draft. The Club has therefore been working alongside the Executive Committee to ensure the straightforward transfer of those bonds to the new Stadium, with initial discussions held at the Boleyn Ground on both 2 and 9 September 2014.

Sixteen amendments to the Bond conditions were subsequently put to vote, with Bondholders able to vote by proxy or in person at the General Meeting held on Monday 24 November 2014.

The successfully passed resolution guaranteed that Bondholders can continue to enjoy priority status when purchasing Season Tickets and General Admission tickets at London Stadium.  Looking to the future, one of the many roles of the Bondholders Executive Committee is to assist supporters in the buying, selling and transferring of Bonds where appropriate, ensuring for many generations to come supporters can enjoy the unique benefits of being a West Ham United Bondholder.

 


Useful Contact Details

The Committee can be reached by email [email protected].

The Ticketing Office has an email address for Bondholders Only. To contact the Ticket Office in respect of ticketing applications for specific games email [email protected] (generic issues should  continue to be addressed through the normal email address above).

Reminder

All Bondholders must ensure any tickets purchased are not sold to any third party. The Club regularly investigates to identify malpractice regarding ticketing.

Getting involved

We are actively seeking new members to join the committee. Why not join one of our meetings as a guest to find out more  with no obligation?.  We’d love to hear from you.

Email [email protected].

 

Bond Purchase and Sales

Anyone who would like to purchase a bond should contact [email protected] to be added to the waiting list. It should be noted that in general only a small number of bonds are offered for sale. Any Bondholder wishing to sell their bond can also contact the committee to help facilitate the sale. Please include name, phone number and client reference in any correspondence.

 

Bondholder Executive Committee and Officers

David Playle, our treasurer, sadly passed away earlier in 2021. We send condolences to his family and friends. Two of the 2019 Committee, including John Beavis, the Chair, decided not to offer themselves for re-election and on behalf of all Bondholders we would like to place on record our thanks to John  and David Tee for all their efforts and contribution. At the 2021 AGM (see also AGM minutes below),  Nine Bondholders on the previous Committee  stood for election and were voted in for the next 12 months. Subsequent to the AGM, on November 30 at the Bondholders Executive Committee Meeting five executive officers were elected as follows:

          Chairman – Martine Dodwell- Bennett

          Deputy Chairman – Martin Jessop

          Treasurer - Tony Barritt

          Representative on ISC - Steve Applebee

          Secretary  Barbara Adams

 

 West Ham United Independent Supporters' Committee

The Committee is represented on the ISC by Steve Applebee and if you have an issue you want to be put to the Club's Board please send in your item to [email protected]


 

BONDHOLDERS 2021 AGM MINUTES

2021 Annual General Meeting

The 2021 AGM was held at 6:.0pm on Tuesday 16 November at the London Stadium Store and was attended by over 70 Bondholders.

 

Chairman’s Welcome

John Beavis opened the meeting and welcomed all Bondholders and guests. John confirmed he is standing down from the committee. The club and committee thanked John for his dedicated service over a number of years.

 

Company Accounts

Tony Barritt presented the company accounts showing a cash balance of £1,942.51 and these were formally approved by the meeting.

 

Committee Elections 

The attendees voted to accept a motion to elect the nine Bondholders listed on the nomination form as a single block. A subsequent vote elected the nine members of the previous Committee who stood for re-election to represent Bondholders for the next 12 months. The committee members elected were Barbara Adams, Stephen Applebee, Tony Barritt,  Brendan Burke, Sean Courtney, Martine Dodwell-Bennett, Lloyd Howard, Martin Jessop and  Keith Knight.

 

Andy Mollett WHU CFO

Martin Jessop introduced Andy Mollett, the club’s Chief Financial Officer. In answering questions from the audience Andy covered a wide range of topics including financial impact of European Competition and changes to management and playing staff in recent times. 

 

Nicola Keye Director of Ticketing

Steve Applebee introduced Nicola who gave an overview  of how digital ticketing has become essential during the pandemic as well as other future  changes in ticketing using new technologies. Nicola also talked about ticket pricing changes and answered a variety of pre-submitted questions and questions from the floor on Bondholder ticketing issues..

 

Marlon Harewood

Following the more formal business of the evening Tony Barritt introduced Marlon Harewood. Marlon gave an insight into his career and his time at West Ham, including his goal in the FA Cup semi final in 2006 and his recollection of the final itself. Marlon answered a variety of questions from the floor during an entertaining Q and A session.

 

Closing Remarks

Martine, on behalf of the Bondholders and the Executive Committee thanked the  Club for hosting the event, the Club representatives, and Marlon Harewood for a very informative and entertaining evening.