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The Championship club's ongoing struggles represent a a "major concern" and the new football authority is looking to gain the ability to look into club affairs in such situations, its new chair the official has announced.

In a wide-ranging interview, the chairman, who was appointed on Monday, voiced concern towards supporters of the Owls.

The chairman convened with four supporter groups 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 the autumn.

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

"Wednesday stands as one of the iconic names for English football and in recent days we have met fan representatives.

"We are seeking authority... which will allow us to have Sheffield Wednesday - and other clubs submitted for our review if they need to be investigated and acted upon."

Economic Challenges and Ownership Situation

The team's struggling chairman Dejphon Chansiri suggested earlier this year he would be prepared to relinquish control at Hillsborough, but he has been unable to finalize an agreement with interested parties.

Failure to pay player wages on time in March and May caused limitations by the English Football League (EFL) in June, blocking the team from conducting any player acquisitions for the subsequent signing windows, although those limitations were removed in the end of the transfer window.

Authority's Position

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

"I have absolute sympathy for the team's plight, as I do for each organization that over recent decades have faced collapse, or nearly ceased operations, for causes separate from the followers."

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

But the chairman emphasized that requiring chairmen to relinquish clubs would be considered the final option and the oversight body would choose to work with them.

"The final option we would consider is begin intervening in an individual club, an individual owner, without having the opportunity to collaborate with that proprietor to address the challenges confronting the team and the proprietor's dealing with," Kogan said.

"But the truth is, when you examine the past of the game, over the last 20 or 30 years there have been particular chairmen, not many, but certain individuals who have acted carelessly in the approach they have taken toward their organizations and finally don't wish to take responsibility for the coming years."

'Errors may undo substantial development'

The regulator engaged delegates from multiple organizations to detail the scope of the oversight body this week and maintained it represented a "proactive meeting" with a "significant participation" from the lower divisions to the top flight.

"It's a job that's actually really important, because if we get it wrong, if the sport makes errors, the remarkable development accomplished necessary will vanish incredibly quickly," Kogan said.

"And that's what nobody wants in the realm of domestic football is a substantial accomplishment - we need to continue the progress.

"Substantial financial resources entering the sport and has come into football for the last 20 or 25 years, because certainty is lacking it will keep flowing into the sport, which is one of the reasons why I think we have to maintain a focused outlook on potential dangers and naturally, of the coming seasons."

Premier League Concerns

Top flight officials resisted the formation of an authority because of concerns about detrimental effects on the elite division's competitive balance, but the regulator stated: "I'm absolutely committed to the success and growth as an financial organization of the Premier League.

"Being fully aware of 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 significant degree of comfort -and, indeed, they have been advising us privately they have a high level of reassurance."

Ideological Links

The chairman continues to confront a "full inquiry" by the Commissioner for Public Appointments after he disclosed making donations to the opposition group in recent years.

The 68-year-old donated money to government minister Lisa Nandy's leadership campaign, along with that of the government leader.

"I have been entirely transparent regarding my past party membership [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," the regulator explained.

"I am presently disconnected from any sort of politics."