Agnelli, the head of the European Club Association who's at the centre of negotiations over the future of the Champions League, also said he wanted his organisation to have the final say on planned changes to the competition.

The influential Italian also wants clubs to have a greater say in the running of the game.

Agnelli said that Deloitte's prediction on Tuesday of losses in revenue of more than 2 billion euros by the end of the current season for the top 20 clubs had under-estimated the impact of a full season without fans in stadiums.

"Two cycles have been fully impacted. I have seen the Deloitte study... I was looking at data from the top 20 clubs whereby we had a 1.1 billion euros hit in the 19/20 season and the estimate for those 20 clubs alone at 2 billion hit for the combined two years," he said.

"I think it's going to be much worse than that as the 19/20 season only had three or four months with no fans in the stadiums, commercial rebates, broadcasting rebates and as it seems right now, from my point of observation, 2021 will be a full season without fans in the stadiums.

"I think this season will be much worse. When I look at the best information I've had so far, we're looking at a bottom line loss for the industry in the region of 6.5 billion to 8.5 million euros for the combined two years.

"And about 360 clubs (will be) in need for cash injections, whether it is debt or equity, within those two years for an amount of 6 billion euros."

Australian Associated Press