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Sheffield Wednesday's ongoing struggles represent a a "serious issue" and the new football authority is seeking powers to look into club affairs in such situations, the newly appointed chairman the regulator has stated.

Through a comprehensive talk, the chairman, who was named to the position this week, expressed "sympathy" towards supporters of the Owls.

Kogan met with four fan organizations representing the South Yorkshire club recently.

The team have been experiencing difficulties in multiple areas in 2025, with the club missing wage payments on several different times, including in the autumn.

"Clearly Sheffield Wednesday has been a serious issue for football authorities and a substantial concern for English football," the chairman stated.

"The club represents one of the historic institutions for the English game and recently we have met fan representatives.

"We are seeking authority... which will allow us to have Wednesday and comparable cases submitted for our review if they require examination and addressed."

Monetary Issues and Ownership Situation

The team's struggling chairman the current owner indicated in the summer he would be open to selling the club at Hillsborough, 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 football authorities in summer, stopping Wednesday from completing any transfers or loans for the subsequent signing windows, although that restriction was lifted in August.

Authority's Position

Kogan said: "Our role exists to serve the Owls followers, other clubs in similar situations where people are committed to a community organization that has been part of their lives in numerous instances.

"I fully appreciate the team's plight, as I do for each organization that since 1992 have gone to the wall, or been close to going to the wall, for reasons that have nothing to do with the followers."

When asked if the authority might compel an owner to sell a club if they are deemed unsuitable, the regulator answered: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we collect the information and know what's going on, we will."

But Kogan stressed that forcing owners to sell clubs would be treated as a "last resort" and the authority would rather to work with them.

"The final option we would consider is start getting involved with an specific team, an particular chairman, without being in a position to cooperate with that proprietor to address the problems affecting the organization and the owner's facing," the chairman stated.

"In actuality, when you examine the past of the game, over the past few decades there have been some owners, few in number, but particular people who have shown negligence in the manner they have operated their clubs and ultimately refuse to accept accountability for the future."

'If we get it wrong, extraordinary progress vanishes'

The chairman convened with representatives from 110 clubs to lay out the remit of the regulator on Wednesday and maintained it represented a "progressive gathering" with a "substantial involvement" from the lower divisions to the top flight.

"It's a job that's actually really important, because should mistakes occur, if the world of football gets it wrong, the remarkable development accomplished necessary will vanish rapidly," the chairman stated.

"Such an outcome is universally undesirable in the context of the English game is a substantial accomplishment - we've got to keep it going.

"There's an enormous amount of money flowing into the game and has been invested for the last 20 or 25 years, because there are no assurances it will continue to come into football, which is part of the rationale behind I think we have to take a really clear view on risk and of course, of the coming seasons."

Top Flight Apprehensions

Elite division representatives objected to the creation of a regulator because of apprehensions regarding adverse consequences on the Premier League's sporting equality, but Kogan said: "I'm absolutely committed to the success and growth as an economic entity of the elite league.

"As someone who appreciates the concern of undermining the Premier League as a premium product of the nation. But simultaneously, if you consult with top flight officials after this week's discussion, they would have had a high level of reassurance -and, in fact, they have been telling us in private they have a significant confidence."

Ideological Links

The chairman continues to confront a "thorough examination" by the official appointments authority after he revealed he contributed money to the political party in 2020.

The chairman contributed funds to Secretary of State for Culture, Media and Sport Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.

"I've been completely open about my past party membership [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the regulator explained.

"I am no longer involved in any sort of politics."