What private businesses do is, provided it’s within the law, their business.
If two private businesses mutually agree to something like the following then I don’t have any issue with it:
“Play does not stop while matches are in mid-flow, but at the earliest convenient moment during a goal-kick, free-kick or throw-in.
Teams and match officials will discuss beforehand whether a pause is required and an approximate time for the stoppage will be agreed.”
‘Pause’ agreements are common in sport, always have been, it’s usually called “Good Sportsmanship”.
I believe Brits regard it one of their defining characteristics.