Richard Masters, the Premier League's chief executive, says the league is open to an independent regulator, but he calls some aspects of a fan-led study of football administration "too radical."
The groundbreaking assessment was commissioned by the British government, and it proposed the establishment of an Independent Regulator for English Football this week.
Additional help for English lower league teams could be provided through a "solidarity transfer levy" on Premier League club deals or foreign acquisitions.
"We are open to an independent regulator and we want to discuss the detail of that with the Government going forward," Masters told BBC Sport.
"Government has backed it. I think to push back on the concept of an independent regulator at this moment in time would be wrong.
"But, as I said, there's a whole package of things. It's what the regulator is able to do and the power at its disposal that we need to talk about."