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Sheffield Wednesday's ongoing struggles represent a a "significant problem" and the football regulator is looking to gain the ability to investigate clubs in comparable cases, its new chair the official has stated.

Through a comprehensive talk, the chairman, who was appointed on Monday, showed understanding towards the club's followers.

The regulator engaged with four supporters' associations connected to the Championship side in recent days.

The Championship side have been struggling on and off the field in 2025, with the club delaying salary disbursements 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.

"The club represents one of the historic institutions for the English game and recently we have met supporters' organizations.

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

Financial Struggles and Proprietorship Status

Wednesday's embattled owner the Thai businessman indicated in the summer he would be prepared to relinquish control at Hillsborough, but he has failed to complete a sale with prospective buyers.

Failure to pay player wages on time in earlier this year led to sanctions by the football authorities in June, stopping Wednesday from completing any player acquisitions for the subsequent signing windows, although the ban was rescinded in the end of the transfer window.

Official's Viewpoint

Kogan said: "The position was created for the Owls followers, teams facing challenges where people are committed to a regional establishment that has been part of their lives in many cases.

"I fully appreciate Sheffield Wednesday, as I do for each organization that since 1992 have gone to the wall, or approached financial ruin, for causes separate from the fans themselves."

When asked if the regulator could force an owner to sell a club if they are deemed unsuitable, Kogan said: "When asking whether 'would we intervene in the final instance?', the answer is once we collect the information and understand the situation, we will."

But the regulator clarified that requiring chairmen to relinquish clubs would be treated as a "last resort" and the oversight body would choose to cooperate with proprietors.

"The last thing what we want to do is begin intervening in an individual club, an particular chairman, without being in a position to cooperate with that chairman to fix the challenges confronting the team and the owner's facing," the regulator explained.

"But the truth is, when you review the record of football, 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 clubs and ultimately decline to assume obligation for the long-term prospects."

'If we get it wrong, extraordinary progress vanishes'

The regulator engaged delegates from multiple organizations to explain the responsibilities of the authority recently and stated it constituted a "forward-thinking discussion" with a "significant participation" from the National League to the Premier League.

"The role holds considerable importance, because should mistakes occur, if the world of football gets it wrong, the extraordinary progress that's been made necessary will vanish rapidly," Kogan said.

"Such an outcome is universally undesirable in the realm of domestic football is a substantial accomplishment - we must maintain momentum.

"Considerable investment coming into football and has been invested for the past two decades, because there's no guarantee it will persist in entering the game, 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

Top flight officials resisted the establishment of an oversight body because of apprehensions regarding adverse consequences on the top-flight's competitiveness, but Kogan said: "I fully support the prosperity and expansion as an financial organization of the top division.

"As someone who appreciates the apprehension regarding damaging the Premier League as a premium product of the nation. But simultaneously, if you talk to the Premier League after the recent gathering, they would have had a high level of reassurance -and, indeed, they have been telling us in private they have a significant confidence."

Political Connections

Kogan is still facing a "comprehensive investigation" by the official appointments authority after he acknowledged providing funds to the Labour Party in 2020.

The 68-year-old provided financial support for Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the current Prime Minister.

"I have fully disclosed my previous political affiliation [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."