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Sheffield Wednesday's ongoing struggles represent a a "serious issue" and the football regulator is seeking powers to investigate clubs in comparable cases, its new chair the official has stated.

During an extensive discussion, the regulator, who was named to the position this week, voiced concern towards Wednesday's fanbase.

The chairman convened with four fan organizations associated with the Championship side in recent days.

The team have been experiencing difficulties in multiple areas in 2025, with the club delaying salary disbursements on five separate occasions, including in September.

"Evidently Wednesday represents a major concern for the league and a significant problem for football," the chairman stated.

"Sheffield Wednesday is one of the great brands for the English game and this week we have met Sheffield Wednesday supporters' groups.

"Our aim is to acquire the ability... which will enable us to take Wednesday and comparable cases submitted for our review if they require examination and addressed."

Monetary Issues and Proprietorship Status

Wednesday's embattled owner the Thai businessman indicated in the summer he would be open to selling the club at Hillsborough, but he has failed to complete a sale with potential new owners.

Delayed salary payments on time in March and May led to sanctions by the football authorities in summer, preventing the club from carrying out any transfers or loans for the subsequent signing windows, although that restriction was lifted in the end of the transfer window.

Authority's Position

Kogan said: "The position was created for the Owls followers, other clubs in similar situations where supporters are loyal to a regional establishment that has represented their community in multiple situations.

"I completely understand the team's plight, as I do for all the clubs that since 1992 have gone to the wall, or been close to going to the wall, for causes separate from the supporters."

Inquired if the authority might compel an owner to sell a club if they are considered unfit, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the response would be once we gather the evidence and know what's going on, we will."

But Kogan stressed that requiring chairmen to relinquish clubs would be considered the final option and the authority would rather to cooperate with proprietors.

"The final option we would consider is begin intervening in an specific team, an specific proprietor, without being able to work with that chairman to fix the challenges confronting the team and the owner's facing," Kogan said.

"But the truth is, when you look back over the history of the game, over the past few decades there have been some owners, a small minority, but some who have been irresponsible in the approach they have taken toward their organizations and finally refuse to accept accountability for the long-term prospects."

'Errors may undo substantial development'

The regulator engaged representatives from 110 clubs to lay out the remit of the oversight body this week and insisted it was a "progressive gathering" with a "significant participation" from the National League to the Premier League.

"It's a job that's actually really important, because should mistakes occur, if the sport makes errors, the remarkable development accomplished might evaporate incredibly quickly," the chairman stated.

"This represents everyone's worst fear in the terms of English football is a huge success story - we've got to keep it going.

"Considerable investment flowing into the game and has been invested for the recent generations, because there's no guarantee it will keep flowing into the sport, which is part of the rationale behind I think we have to adopt a precise perspective on challenges and obviously, of the immediate future."

Elite Division Worries

Top flight officials resisted the formation of an authority because of apprehensions regarding adverse consequences on the elite division's competitive balance, but the chairman responded: "I completely endorse the achievement and development as an financial organization of the top division.

"As someone who appreciates the concern of undermining the division as a high-quality offering of the nation. But concurrently, if you consult with top flight officials after this week's discussion, they would have had a substantial amount of confidence -and, indeed, they have been informing us confidentially they have a high level of reassurance."

Partisan Associations

Kogan is still facing a "thorough examination" by the Commissioner for Public Appointments after he disclosed making donations to the opposition group in the past.

The official donated money to Secretary of State for Culture, Media and Sport the politician's campaign, along with that of the government leader.

"I have fully disclosed my previous political affiliation [with Labour], and that political affiliation came to an end the day the official body endorsed my nomination," the regulator explained.

"I am presently disconnected from any form of political activity."