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The Championship club's persistent issues represent a a "significant problem" and the new football authority is seeking powers to examine team situations in such situations, the recently named head the official has declared.

In a wide-ranging interview, Kogan, who was appointed on Monday, expressed "sympathy" towards the club's followers.

Kogan met with four supporters' associations connected to the football team recently.

The Championship side have been facing challenges both on and off the pitch in 2025, with the club delaying salary disbursements on five separate occasions, including in last month.

"Evidently Wednesday represents a major concern for the league and a substantial concern for English football," the regulator explained.

"Wednesday stands as one of the iconic names for the English game and in recent days we have met Sheffield Wednesday supporters' groups.

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

Financial Struggles and Ownership Situation

The team's struggling chairman the Thai businessman suggested earlier this year he would be open to selling the club at Hillsborough, but he has been unable to finalize an agreement with prospective buyers.

Missed wage deadlines on time in spring months resulted in restrictions being imposed by the football authorities in mid-year, preventing the club from carrying out any recruitment activities for the next three transfer windows, although the ban was rescinded in late summer.

Regulator's Perspective

The chairman stated: "The job [of the regulator] is there for the supporters of Wednesday, other clubs in similar situations where supporters are loyal to a local institution that has represented their community in numerous instances.

"I completely understand the team's plight, as I do for all the clubs that over recent decades have faced collapse, or nearly ceased operations, for causes separate from the fans themselves."

When asked if the authority might compel an chairman to relinquish a club if they are considered unfit, the regulator answered: "When asking whether 'would we intervene in the final instance?', the answer is once we assemble the facts and understand the situation, we will."

But Kogan stressed that forcing owners to sell clubs would be viewed as the ultimate measure and the authority would rather to work with them.

"The last thing what we want to do is commence engagement with an individual club, an specific proprietor, without being in a position to cooperate with that owner to try and resolve the challenges confronting the team and the chairman's encountering," Kogan said.

"But the truth is, when you examine the past of the game, over the past few decades there have been certain proprietors, not many, 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 lay out the remit of the regulator on Wednesday and insisted it was a "progressive gathering" with a "substantial involvement" from the National League to the Premier League.

"This position carries substantial significance, because if we get it wrong, if the football community fails, the extraordinary progress that's been made could disappear swiftly," Kogan said.

"Such an outcome is universally undesirable in the context of the English game is a huge success story - we must maintain momentum.

"Considerable investment entering the sport and has come into football for the past two decades, because there's no guarantee 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 immediate future."

Top Flight Apprehensions

The Premier League opposed the formation of an authority because of fears of a negative impact on the elite division's competitive balance, but the chairman responded: "I fully support the prosperity and expansion as an economic entity of the top division.

"As someone who appreciates the worry about compromising the division as a high-quality offering of the nation. But simultaneously, if you engage with division representatives after today's meeting, they would have had a substantial amount of confidence -and, actually, they have been telling us in private they have a significant confidence."

Ideological Links

The regulator remains subject to a "comprehensive investigation" by the public appointments commissioner after he disclosed making donations to the Labour Party in 2020.

The chairman provided financial support for Culture Secretary Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.

"I've been completely open about my former ideological connection [with Labour], and that ideological connection terminated the day the parliamentary committee confirmed my selection," Kogan said.

"I am presently disconnected from any type of partisan engagement."