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Sheffield Wednesday's persistent issues constitute a "major concern" and the independent regulator is seeking powers to investigate clubs in such situations, its new chair the official has declared.

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

The chairman convened with four fan organizations representing the football team recently.

The team have been experiencing difficulties in multiple areas in 2025, with the club missing wage payments on five separate occasions, including in last month.

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

"The club represents one of the historic institutions for English football and this week we have met Sheffield Wednesday supporters' groups.

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

Monetary Issues and Ownership Situation

Wednesday's embattled owner Dejphon Chansiri indicated in the summer he would be prepared to relinquish control at their home ground, but he has not been able to secure a deal with prospective buyers.

Delayed salary payments on time in March and May caused limitations by the league officials in summer, stopping Wednesday from completing any transfers or loans for the following recruitment periods, although the ban was rescinded in August.

Official's Viewpoint

The chairman stated: "Our role exists to serve the Owls followers, Bury or any football club where supporters are loyal to a local institution that has been part of their lives in many cases.

"I fully appreciate Sheffield Wednesday, as I do for each organization that over recent decades have faced collapse, or been close to going to the wall, for causes separate from the followers."

When asked if the regulator could force an owner to sell a club if they are deemed unsuitable, Kogan said: "If your question is 'would we intervene in the final instance?', the response would be once we collect the information 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 regulator would prefer to work with them.

"Our least desirable course of action is commence engagement with an individual club, an individual owner, without having the opportunity to collaborate with that proprietor to address the challenges confronting the team and the owner's facing," the regulator explained.

"But the truth is, when you review the record of the sport, over the recent generations there have been particular chairmen, few in number, but some who have been irresponsible in the approach they have taken toward their clubs and ultimately refuse to accept accountability for the long-term prospects."

'If we get it wrong, extraordinary progress vanishes'

The regulator engaged delegates from multiple organizations to detail the scope of the authority recently and insisted it was a "forward-thinking discussion" with a "substantial involvement" from the National League to the Premier League.

"The role holds considerable importance, because if errors are made, if the football community fails, the significant advances achieved necessary will vanish rapidly," the chairman stated.

"This represents everyone's worst fear in the terms of English football is a substantial accomplishment - we need to continue the progress.

"Substantial financial resources entering the sport and has been channeled for the recent generations, because certainty is lacking it will persist in entering the game, which is among the factors explaining I think we have to adopt a precise perspective on risk and of course, of the next two or three years."

Elite Division Worries

Top flight officials resisted the establishment of an oversight body because of apprehensions regarding adverse consequences on the top-flight's competitiveness, but the regulator stated: "I fully support the success and growth as an economic entity of the top division.

"Being fully aware of the worry about compromising the division as a high-quality offering of the nation. But at the same time, if you engage with division representatives after today's meeting, they would have had a significant degree of comfort -and, actually, they have been telling us in private they have a significant confidence."

Political Connections

The regulator remains subject to a "comprehensive investigation" by the official appointments authority after he disclosed making donations to the opposition group in the past.

The chairman provided financial support for Culture Secretary Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.

"I have fully disclosed my past party membership [with Labour], and that party membership ceased the day the select committee approved my appointment," Kogan said.

"I am no longer involved in any form of political activity."