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Sheffield Wednesday's persistent issues represent a a "major concern" and the football regulator is seeking powers to investigate clubs in such situations, the newly appointed chairman the regulator has stated.

Through a comprehensive talk, Kogan, who was appointed on Monday, expressed "sympathy" towards Wednesday's fanbase.

The chairman convened with four supporter groups associated with the South Yorkshire club recently.

The Championship side have been struggling on and off the field in 2025, with the club missing wage payments on five separate occasions, including in last month.

"Evidently Wednesday represents a major concern for the league and a substantial concern for English football," the regulator explained.

"Wednesday stands as one of the great brands for football in England and this week we have met fan representatives.

"Our aim is to acquire the ability... which will enable us to take Sheffield Wednesday - and other clubs brought to our attention if they require examination and dealt with."

Economic Challenges and Ownership Situation

The team's struggling chairman Dejphon Chansiri indicated in the summer he would be open to selling the club at the stadium, but he has failed to complete a sale with interested parties.

Missed wage deadlines on time in March and May resulted in restrictions being imposed by the league officials in summer, blocking the team from conducting any player acquisitions for the next three transfer windows, although those limitations were removed in August.

Authority's Position

Kogan said: "Our role exists to serve the supporters of Wednesday, other clubs in similar situations where people are committed to a local institution that has represented their community in many cases.

"I completely understand the club's situation, as I do for every team that over recent decades have faced collapse, or approached financial ruin, for reasons that have nothing to do with the supporters."

Questioned about whether the regulator could force an chairman to relinquish a club if they are considered unfit, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we assemble the facts and know what's going on, we will."

But the regulator clarified that compelling proprietors to divest 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 particular organization, an specific proprietor, without being able to work with that proprietor to address the issues that the club's facing and the owner's facing," the regulator explained.

"However, realistically, when you examine the past of football, over the past few decades there have been certain proprietors, not many, but particular people who have shown negligence in the way which they've been managing their teams and eventually don't wish to take responsibility for the coming years."

'Errors may undo substantial development'

The chairman convened with representatives from 110 clubs to explain the responsibilities of the regulator on Wednesday and stated it constituted a "proactive meeting" with a "high level of engagement" from the National League to the Premier League.

"It's a job that's actually really important, because should mistakes occur, if the world of football gets it wrong, the remarkable development accomplished necessary will vanish swiftly," the regulator warned.

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

"Substantial financial resources coming into football and has come into football for the past two decades, because there's no guarantee it will persist in entering the game, which is among the factors explaining I think we have to maintain a focused outlook on potential dangers and naturally, of the next two or three years."

Top Flight Apprehensions

Elite division representatives objected to the formation of an authority because of apprehensions regarding adverse consequences on the elite division's competitive balance, but Kogan said: "I fully support the prosperity and expansion as an economic entity of the Premier League.

"Being fully aware of the concern of undermining the division as a high-quality offering of England. But simultaneously, if you engage with division representatives after today's meeting, they would have had a significant degree of comfort -and, in fact, they have been advising us privately they have a significant confidence."

Partisan Associations

Kogan is still facing a "thorough examination" by the public appointments commissioner after he acknowledged providing funds to the political party in recent years.

The chairman provided financial support for Culture Secretary the minister's leadership bid, along with that of the government leader.

"I have been entirely transparent regarding my former ideological connection [with Labour], and that party membership ceased the day the parliamentary committee confirmed my selection," Kogan said.

"I am presently disconnected from any form of political activity."