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Sheffield Wednesday's ongoing struggles are seen as a "major concern" and the new football authority is aiming to acquire authority to investigate clubs in similar circumstances, its new chair the official has announced.

Through a comprehensive talk, the regulator, who was named to the position this week, voiced concern towards the club's followers.

The regulator engaged with four supporter groups connected to the Championship side in recent days.

The Championship side have been experiencing difficulties in multiple areas in 2025, with the club delaying salary disbursements on several different times, including in the autumn.

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

"Wednesday stands as one of the historic institutions for English football and this week we have met fan representatives.

"Our aim is to acquire the ability... which will permit us to bring Sheffield Wednesday - and other clubs brought to our attention if they need to be investigated and acted upon."

Economic Challenges and Proprietorship Status

The team's struggling chairman the Thai businessman indicated in the summer he would be prepared to relinquish control at Hillsborough, but he has been unable to finalize an agreement with interested parties.

Delayed salary payments on time in March and May caused limitations by the league officials in June, preventing the club from carrying out any player acquisitions for the next three transfer windows, although the ban was rescinded in the end of the transfer window.

Regulator's Perspective

The regulator explained: "The job [of the regulator] is there for the fans of Sheffield Wednesday, teams facing challenges where supporters are loyal to a regional establishment that has existed throughout their lifetimes in many cases.

"I completely understand Sheffield Wednesday, as I do for each organization that over recent decades have faced collapse, or approached financial ruin, for factors unrelated to the followers."

Inquired if the oversight body could require an proprietor to divest a club if they are considered unfit, the chairman responded: "If your question is 'would we intervene in the final instance?', the answer is once we collect the information and comprehend the circumstances, we will."

But the regulator clarified that forcing owners to sell clubs would be treated as a "last resort" and the oversight body would choose to work with them.

"The final option we would consider is start getting involved with an individual club, an specific proprietor, without being able to work with that chairman to fix the issues that the club's facing and the proprietor's dealing with," the regulator explained.

"However, realistically, when you review the record of football, over the past few decades there have been some owners, few in number, but particular people who have shown negligence in the way which they've been managing their teams and eventually decline to assume obligation for the long-term prospects."

'Mistakes could erase significant advances'

The regulator engaged representatives from 110 clubs to lay out the remit of the authority recently and stated it constituted 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 world of football gets it wrong, the remarkable development accomplished necessary will vanish incredibly quickly," the chairman stated.

"And that's what nobody wants in the context of the English game is a major achievement - we need to continue the progress.

"There's an enormous amount of money entering the sport and has been channeled for the last 20 or 25 years, because there's no guarantee it will continue to come into football, which is among the factors explaining I think we have to maintain a focused outlook on risk and of course, of the immediate future."

Premier League Concerns

Elite division representatives objected to the formation of an authority because of concerns about detrimental effects on the top-flight's competitiveness, but Kogan said: "I completely endorse the success and growth as an economic entity of the Premier League.

"Being fully aware of the apprehension regarding damaging the top flight as an elite competition of England. But at the same time, if you engage with division representatives after this week's discussion, they would have had a high level of reassurance -and, indeed, they have been telling us in private they have a high level of reassurance."

Ideological Links

Kogan is still facing a "thorough examination" by the Commissioner for Public Appointments after he acknowledged providing funds to the opposition group in recent years.

The 68-year-old contributed funds to Culture Secretary the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.

"I have been entirely transparent regarding my past party membership [with Labour], and that party membership ceased the day the parliamentary committee confirmed my selection," the chairman stated.

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