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The team's ongoing struggles represent a a "serious issue" and the football regulator is aiming to acquire authority to look into club affairs in such situations, the recently named head the official has declared.

In a wide-ranging interview, the chairman, who was named to the position this week, voiced concern towards Wednesday's fanbase.

Kogan met with four supporter groups connected to the South Yorkshire club recently.

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

"Clearly Sheffield Wednesday has been a significant problem for EFL and a significant problem for football," Kogan told.

"Wednesday stands as one of the great brands for the English game and in recent days we have met fan representatives.

"Our aim is to acquire the ability... which will enable us to take Wednesday and comparable cases referred to us if they warrant scrutiny and addressed."

Economic Challenges and Proprietorship Status

Wednesday's embattled owner the Thai businessman indicated in the summer he would be prepared to relinquish control at their home ground, but he has been unable to finalize an agreement with interested parties.

Missed wage deadlines on time in spring months caused limitations by the league officials in summer, stopping Wednesday from completing any recruitment activities for the next three transfer windows, although that restriction was lifted in late summer.

Authority's Position

The regulator explained: "The position was created for the supporters of Wednesday, other clubs in similar situations where fans are dedicated to a community organization that has been part of their lives in many cases.

"I fully appreciate the team's plight, as I do for every team that over recent decades have faced collapse, or nearly ceased operations, for reasons that have nothing to do with the followers."

When asked if the regulator could force an owner to sell a club if they are considered unfit, the regulator answered: "When asking whether 'would we intervene in the final instance?', the response would be once we gather the evidence and comprehend the circumstances, we will."

But the chairman emphasized that compelling proprietors to divest clubs would be treated as a "last resort" and the oversight body would choose to work with them.

"The last thing what we want to do is begin intervening in an particular organization, an particular chairman, without being able to work with that owner to try and resolve the challenges confronting the team and the proprietor's dealing with," the chairman stated.

"But the truth is, when you look back over the history of the sport, over the recent generations there have been certain proprietors, not many, but certain individuals who have acted carelessly in the way which they've been managing their organizations and finally refuse to accept accountability for the long-term prospects."

'Mistakes could erase significant advances'

Kogan met with delegates from multiple organizations to explain the responsibilities of the authority recently and insisted it was a "proactive meeting" with a "substantial involvement" from the grassroots to elite level.

"This position carries substantial significance, because if we get it wrong, if the sport makes errors, the significant advances achieved might evaporate rapidly," Kogan said.

"Such an outcome is universally undesirable in the realm of domestic football is a huge success story - we've got to keep it going.

"There's an enormous amount of money entering the sport and has been channeled for the past two decades, because there's no guarantee it will continue to come into football, which is among the factors explaining I think we have to adopt a precise perspective on risk and of course, of the immediate future."

Premier League Concerns

Top flight officials resisted the formation of an authority because of fears of a negative impact on the top-flight's competitiveness, but the chairman responded: "I'm absolutely committed to the prosperity and expansion as an financial organization of the Premier League.

"I of all people understand the worry about compromising the top flight as an elite competition of England. But concurrently, if you consult with top flight officials after the recent gathering, they would have had a high level of reassurance -and, indeed, they have been informing us confidentially they have a considerable comfort."

Political Connections

The chairman continues to confront a "comprehensive investigation" by the official appointments authority after he revealed he contributed money to the opposition group in recent years.

The official donated money to Culture Secretary the politician's campaign, along with that of the current Prime Minister.

"I have been entirely transparent regarding my previous political affiliation [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," Kogan said.

"I currently have no participation in any sort of politics."