The Midlands club’s owner Nassef Sawiris criticized the Premier League’s limits on how much teams can spend.
He does not believe that a team should be limited by its club revenue, when owners are willing to put in money.
"It's a different style to blowing the house up, which is how Man City approached the scenario with," Jordan told talkSPORT.
"Styles make fights and everyone has their views on Man City. Villa are putting out a different dynamic, they're assessing their options. They're uncomfortable. The seed behind it is that they got into the Champions League, there's the coefficients around the way clubs get monetary distributions.
"They find themselves in a position where they're in the same space as other teams but they're not getting as much money as what other teams are potentially getting and they want some sort of allowance. I liked Financial Fair Play, I thought it was a good way of assuming control over one of the biggest enemies of club ownership - player salaries and transfer fees.
"Over the years, I've begun to morph my opinion into the fact that it really is what it's been dressed up to be, which is protectionism. It does need to be looked at carefully. What are we trying to do? All this governance, structure, independent regulation breeds an uninvestable environment. There needs to be some more sophisticated thinking.
"The challenge with football is that it's moving so quickly, ownership models are changing so regularly and the dynamic of how these models which manifest themselves - from private equity guys, the hedge funds, to nation states - means the challenge being put upon football aren't being thought through properly. They're reactions and band aids.
"While Villa are loading their guns and putting forward their perspective as to how uncomfortable they are around FFP or PSR, I'm not quite sure they're following the Man City blueprint. It's an interesting phenomenon. You've got this mixed bag of owners, from different regions with different agendas and outlooks, and it's becoming clearly evident that PSR, in its most ridiculous incarnation, doesn't really work and it doesn't underpin what football is about.
"You do have to have some sort of governance over the financial affairs of your football club because one day you may not be there anymore, or your business agenda may change and you might leave a carcass of a football club because you no longer wish to finance it. You have to have the balance. Of course you need good order and best practice, but I think teams like Aston Villa are going to challenge the status quo."