FILE PHOTO: Soccer Football - Serie A - AC Milan v Juventus - San Siro, Milan, Italy - July 7, 2020. Juventus President Andrea Agnelli before the match, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19). REUTERS/Alessandro Garofalo
(Reuters) - European clubs are facing a cash crisis and the transfer market could shrink by 20%-30% because of the COVID-19 pandemic, the head of the association which represents them said on Tuesday.
Andrea Agnelli, chairman of the European Club Association (ECA), said clubs across the continent were losing revenue from broadcasters, gate receipts and sponsors due to measures to combat COVID-19.
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