"But be in no doubt, if they can't act, we will. We will put everything on the table to prevent this from happening," the minister said, vowing a "very robust response".
The government was also examining reform of club governance, to look at their finances and the possibility of an independent regulator for football, he said.
The government is also not ruling out barring the entry into England of players from the breakaway clubs in Italy and Spain, now that Britain has left the European Union definitively and has regained full control over its borders.
"We are going to look at everything that we can do with the football authorities to make sure that this doesn't go ahead in the way that it's currently being proposed," he told reporters.