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The Championship club's ongoing struggles are seen as a "serious issue" and the new football authority is looking to gain the ability to investigate clubs in such situations, its new chair the official has declared.

Through a comprehensive talk, the chairman, who was named to the position this week, expressed "sympathy" towards the club's followers.

Kogan met with four fan organizations connected to the Championship side recently.

The team have been struggling on and off the field in 2025, with the club missing wage payments on multiple instances, including in last month.

"Clearly Sheffield Wednesday has been a significant problem for EFL and a significant problem for football," the chairman stated.

"Sheffield Wednesday is one of the great brands for football in England and in recent days we have met fan representatives.

"We're now looking to get powers... which will permit us to bring Sheffield Wednesday - and other clubs brought to our attention if they require examination and acted upon."

Economic Challenges and Ownership Situation

The club's controversial proprietor Dejphon Chansiri indicated in the summer he would be willing to sell up at the stadium, but he has been unable to finalize an agreement with prospective buyers.

Delayed salary payments on time in March and May caused limitations by the league officials in mid-year, stopping Wednesday from completing any player acquisitions for the next three transfer windows, although that restriction was lifted in August.

Official's Viewpoint

The chairman stated: "The position was created for the supporters of Wednesday, Bury or any football club where supporters are loyal to a regional establishment that has been part of their lives in multiple situations.

"I fully appreciate Sheffield Wednesday, as I do for every team that since 1992 have gone to the wall, or been close to going to the wall, for causes separate from the fans themselves."

Inquired if the oversight body could require an owner to sell a club if they are deemed unsuitable, the chairman responded: "If your question is 'would we intervene in the final instance?', the response would be once we collect the information and comprehend the circumstances, we will."

But Kogan stressed that compelling proprietors to divest clubs would be considered the final option and the oversight body would choose to work with them.

"Our least desirable course of action is begin intervening in an particular organization, an specific proprietor, without being in a position to cooperate with that chairman to fix the challenges confronting the team and the chairman's encountering," the regulator explained.

"But the truth is, when you look back over the history of the game, over the last 20 or 30 years there have been certain proprietors, a small minority, but some who have been irresponsible in the approach they have taken toward their teams and eventually refuse to accept accountability for the long-term prospects."

'Mistakes could erase significant advances'

The chairman convened with representatives from 110 clubs to explain the responsibilities of the authority recently and maintained it represented a "proactive meeting" with a "high level of engagement" from the National League to the Premier League.

"This position carries substantial significance, because if errors are made, if the football community fails, the extraordinary progress that's been made might evaporate swiftly," the chairman stated.

"And that's what nobody wants in the realm of domestic football is a major achievement - we've got to keep it going.

"Considerable investment entering the sport and has been invested for the past two decades, because there are no assurances it will continue to come into football, which is among the factors explaining I think we have to adopt a precise perspective on challenges and obviously, of the coming seasons."

Top Flight Apprehensions

Top flight officials resisted the formation of an authority because of fears of a negative impact on the elite division's competitive balance, but the regulator stated: "I fully support the prosperity and expansion as an economic entity of the top division.

"I of all people understand the concern of undermining the Premier League as a premium product of the nation. But at the same time, if you talk to the Premier League after today's meeting, they would have had a substantial amount of confidence -and, actually, they have been advising us privately they have a significant confidence."

Partisan Associations

The regulator remains subject to a "full inquiry" by the Commissioner for Public Appointments after he revealed he contributed money to the Labour Party in the past.

The 68-year-old provided financial support for Secretary of State for Culture, Media and Sport Lisa Nandy's leadership campaign, along with that of the government leader.

"I have been entirely transparent regarding my former ideological connection [with Labour], and that party membership ceased the day the official body endorsed my nomination," Kogan said.

"I am no longer involved in any form of political activity."