The regulator would have powers to force Premier League sides to bail out cash-stripped lower-tier teams, clamp down on dodgy owners and ban clubs joining breakaway super-leagues.
Reform UK MP Rupert Lowe said a quango would strangle the competitiveness of one of Britain’s best assets.
A NEW football regulator would destroy the Premier League, ministers have been warned.
Mr Lowe — former chairman of Southampton FC and FA Board member — said setting up any regulator would be an own goal.
Speaking to The Sun’s Never Mind The Ballots show, he said: “The Premier League’s an unbelievable success.