Cash flow analysis: Fulham owner once again fails to sustain desired business model

Not only did Fulham's one-season stay in the Premier League lead to a £20 million pre-tax loss, but the failed ambition of surviving their first season in the English top tier will have long-term consequences.

By delaying transfer fee payments with limited future receivables in return, Fulham now face the consequences of their failed attempt at survival.

Despite ambitions of creating a self-sustainable business model, Fulham's owner must now be patient and continue to fund the expensive promotion show.

What's more, the current coronavirus-related suspension of all football activities puts further pressure on Fulham's cash balance.