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Sheffield Wednesday's persistent issues represent a a "serious issue" and the new football authority is looking to gain the ability to examine team situations in similar circumstances, its new chair the regulator has announced.

In a wide-ranging interview, the chairman, who was named to the position this week, expressed "sympathy" towards supporters of the Owls.

Kogan met with four fan organizations connected to the Championship side recently.

The Championship side have been facing challenges both on and off the pitch in 2025, with the club missing wage payments on five separate occasions, including in the autumn.

"Clearly Sheffield Wednesday has been a major concern for the league and a major challenge for the sport," the chairman stated.

"Sheffield Wednesday is one of the iconic names for English football and in recent days we have met Sheffield Wednesday supporters' groups.

"We're now looking to get powers... which will enable us to take Sheffield Wednesday - and other clubs submitted for our review if they require examination and dealt with."

Monetary Issues and Proprietorship Status

Wednesday's embattled owner the Thai businessman suggested earlier this year he would be open to selling the club at their home ground, but he has been unable to finalize an agreement with interested parties.

Delayed salary payments on time in earlier this year caused limitations by the English Football League (EFL) in mid-year, preventing the club from carrying out any recruitment activities for the following recruitment periods, although those limitations were removed in August.

Regulator's Perspective

The chairman stated: "Our role exists to serve the supporters of Wednesday, Bury or any football club where fans are dedicated to a local institution that has been part of their lives in numerous instances.

"I fully appreciate the club's situation, as I do for all the clubs that in modern times have encountered failure, or been close to going to the wall, for factors unrelated to the fans themselves."

When asked if the oversight body could require an chairman to relinquish a club if they are deemed unsuitable, the chairman responded: "If your question is 'would we intervene in the final instance?', the answer is once we assemble the facts and know what's going on, we will."

But Kogan stressed that forcing owners to sell clubs would be viewed as the ultimate measure and the regulator would prefer to collaborate with owners.

"The final option we would consider is begin intervening in an particular organization, an individual owner, without having the opportunity to collaborate with that chairman to fix the problems affecting the organization and the owner's facing," Kogan said.

"But the truth is, when you examine the past of the game, over the past few decades there have been certain proprietors, few in number, but some who have been irresponsible in the approach they have taken toward their clubs and ultimately decline to assume obligation for the coming years."

'Mistakes could erase significant advances'

Kogan met with officials from numerous teams to lay out the remit of the regulator on Wednesday and maintained it represented a "proactive meeting" with a "substantial involvement" from the grassroots to elite level.

"It's a job that's actually really important, because if errors are made, if the sport makes errors, the significant advances achieved might evaporate rapidly," the regulator warned.

"And that's what nobody wants in the context of the English game is a major achievement - we've got to keep it going.

"Substantial financial resources flowing into the game and has been channeled for the last 20 or 25 years, because certainty is lacking it will continue to come into football, which is one of the reasons why I think we have to take a really clear view on challenges and obviously, of the next two or three years."

Elite Division Worries

Top flight officials resisted the creation of a regulator because of fears of a negative impact on the top-flight's competitiveness, but the regulator stated: "I'm absolutely committed to the success and growth as an commercial operation of the Premier League.

"I of all people understand the concern of undermining the division as a high-quality offering of England. But simultaneously, if you talk to the Premier League after the recent gathering, they would have had a substantial amount of confidence -and, indeed, they have been advising us privately they have a considerable comfort."

Political Connections

The chairman continues to confront a "comprehensive investigation" by the official appointments authority after he revealed he contributed money to the opposition group in 2020.

The chairman 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've been completely open about my previous political affiliation [with Labour], and that ideological connection terminated the day the parliamentary committee confirmed my selection," Kogan said.

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