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Sheffield Wednesday's ongoing struggles are seen as a "significant problem" and the football regulator is looking to gain the ability to examine team situations in such situations, its new chair the official has stated.

Through a comprehensive talk, Kogan, who was appointed on Monday, showed understanding towards Wednesday's fanbase.

The chairman convened with four supporter groups connected to the Championship side in recent days.

The team have been facing challenges both on and off the pitch in 2025, with the club failing to pay players on time on several different times, including in last month.

"Obviously the club has become a major concern for the league and a significant problem for football," Kogan told.

"Wednesday stands as one of the iconic names 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 Sheffield Wednesday - and other clubs submitted for our review if they need to be investigated and addressed."

Economic Challenges and Leadership Concerns

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 failed to complete a sale with potential new owners.

Missed wage deadlines on time in earlier this year resulted in restrictions being imposed by the football authorities in summer, blocking the team from conducting any player acquisitions for the following recruitment periods, although the ban was rescinded in August.

Official's Viewpoint

Kogan said: "Our role exists to serve the Owls followers, teams facing challenges where people are committed to a local institution that has existed throughout their lifetimes in numerous instances.

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

Questioned about whether the oversight body could require an owner to sell a club if they are considered unfit, Kogan said: "If your question is 'would we intervene in the final instance?', the answer is once we assemble the facts and understand the situation, 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 collaborate with owners.

"The last thing what we want to do is commence engagement with an individual club, an particular chairman, without having the opportunity to collaborate with that proprietor to address the problems affecting the organization and the proprietor's dealing with," the regulator explained.

"But the truth is, when you review the record of football, over the last 20 or 30 years there have been particular chairmen, few in number, but some who have been irresponsible in the approach they have taken toward their organizations and finally don't wish to take responsibility for the coming years."

'If we get it wrong, extraordinary progress vanishes'

The regulator engaged delegates from multiple organizations to lay out the remit of the authority recently and stated it constituted a "forward-thinking discussion" with a "substantial involvement" from the National League to the Premier League.

"It's a job that's actually really important, because should mistakes occur, if the sport makes errors, the remarkable development accomplished necessary will vanish rapidly," the regulator warned.

"This represents everyone's worst fear in the context of the English game is a major achievement - we need to continue the progress.

"Substantial financial resources entering the sport and has been channeled for the recent generations, because there's no guarantee it will continue to come into football, which is one of the reasons why I think we have to maintain a focused outlook on potential dangers and naturally, 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 Kogan said: "I completely endorse the prosperity and expansion as an financial organization of the elite league.

"As someone who appreciates the apprehension regarding damaging the Premier League as a premium product of this country. But at the same time, if you consult with top flight officials after this week's discussion, they would have had a high level of reassurance -and, actually, they have been informing us confidentially they have a significant confidence."

Political Connections

The chairman continues to confront a "thorough examination" by the official appointments authority after he acknowledged providing funds to the Labour Party in the past.

The 68-year-old donated money to government minister the politician's campaign, 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 ideological connection terminated the day the select committee approved my appointment," Kogan said.

"I currently have no participation in any form of political activity."