The creation of an independent regulator for English football (IREF) has been “endorsed in principle” by the government.
Culture Secretary Nadine Dorries has welcomed the review and said the government will work on a “substantive response” to be presented next spring.
“We are at a turning point for football in this country,” she said.
“Football requires a strong, independent regulator to secure the future of our national game.
“The government will now work at pace to determine the most effective way to deliver an independent regulator, and any powers that might be needed.”
The review was chaired by former sports minister Tracey Crouch, who told BBC Sport that English football needs an independent regulator to stop it “lurching from crisis to crisis”.
Dorries responded on social media, saying: “We’ve seen clubs with centuries of traditions, such as Bury and Macclesfield Town, disappear entirely, while the European Super League threatened the very foundations of the game.
“The review also lays bare that incentives in the game all too often lead to reckless financial decision making.
“Football clubs are the hearts of their local communities, and this government will ensure they are properly run and fans are protected.”