Ouran Highschool Host Club NEEDS a season 2

More than 11 years ago, Ouran highschool host club season 1 first aired, people were obsessed and they still are. I don't understand how there is no season 2 when there is a loving fan-base that will watch the episodes, buy the merchandise, support the creators, etc... and not to forget, the manga has many more chapters, enough to create another 24-26 episodes from. Funimation needs to jump on this.