MPs have urged the Football Association to make big changes to how the sport is run in England.
A culture, media and sport committee report called for the FA to "get its own house in order" so that it can address the future of the game.
The select committee has addressed the ownership and finances of clubs as the biggest area for reform in their report.
John Whittingdale MP, chair of the committee, said: "No-one doubts the success of the Premier League in revitalising English football.
"But it has been accompanied by serious financial problems throughout the football league pyramid.
"Significant changes need to be made to the way the game is run to secure the future of England's unique football heritage, and the economic and community benefits it provides."
A number of reforms have been recommended by the committee to help address weaknesses in English football.
These include a more rigorous approach to club licensing with the aim of promoting better financial sustainability of football clubs.
Portsmouth became the first Premier League club to go into administration in February 2010.