Yes the government should intervene to protect the interests of football in this country. It contributes too much culturally and economy wise to just be ignored. If it means a move to fan ownership (pipe dream I know) or at the very least a reevaluation of how football clubs are run in this country then great.
As much as I dislike him and his dodgy Tory pals, he'd be daft to leave this down to the football authorities, they have no power.