I think you have to go through the history and decide whether you like the new and evolved models or not. I absolutely hate them.
We have separate PL and EFL organisations. In the case of the PL, they have stolen a load of decision rights away from the FA and operate like a governance organisation. They are in bed with the broadcasting companies and mostly subserve to them.
Personally, I think it should have evolved as a single pyramid of football divisions with a single FA being the single governance.
Not sure whether you've studied the history of PGMOL but it was set up at the start of the millennium. The genesis of it was to scour the officiating up and down the country and build the database of referees that would mean we would end up with elite referees at the highest level. That ability to find great referees has continually failed because of their process. We're not getting the best referees at all when you think about it. I watch equal, if not better referees at Step 5. As
@thfcsteff was saying about Rob Jones on a recent pod, this is the profile of ref that is most likely to punch through the process. Steff was talking along the lines of arrogance, ego, image etc and simply wanting to be the centre of attention all of the time. More likely to be spending time in the gym and in front of the mirror rather than self critiquing their match day performance and trying to improve in their job. Jones is an awful referee at any level but makes the elite level. Go figure.
So if we do have a government regulator that truly represents their electorate, then they should be digging around lots of areas in football. The game is mostly about consumer spending when you look at the money trail. The regulator should be enforcing changes on the different football bodies and representing the fans who pay the football bills.
Last thought. Why is PL football as dull as ditchwater nowadays? Why is it less entertaining than other country's leagues? It's all the same root cause to me.