No, it doesn't. As the commission can't fire a treble winning coach and claim it was necessary to do it in the club's interest. Or shut down the academy and claim the same. Or any other similarly silly thing.If we go by your interpretation and accept that the Commission can just say they were protecting club interests and basically do anything under that cloak, then it renders the provision completely useless.
What it can claim however, very easily, is that the treble winning manager wanted such and such player and in two weeks Chelsea or whoever could've bid him away from under our noses so we took a necessary action to protect the club's interests.
It's not my interpretation, it's what they've already done, and I don't see the commission being disbanded or taken to court.