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Sheffield Wednesday's ongoing struggles constitute a "significant problem" and the football regulator is seeking powers to investigate clubs in similar circumstances, its new chair the official has announced.

In a wide-ranging interview, Kogan, who was named to the position this week, showed understanding towards the club's followers.

The chairman convened with four fan organizations connected to the South Yorkshire club this week.

The Championship side have been experiencing difficulties in multiple areas in 2025, with the club missing wage payments on multiple instances, including in the autumn.

"Evidently Wednesday represents a significant problem for EFL and a substantial concern for English football," the chairman stated.

"Wednesday stands as one of the historic institutions for football in England and this week we have met supporters' organizations.

"We're now looking to get powers... which will enable us to take Wednesday and comparable cases submitted for our review if they warrant scrutiny and addressed."

Economic Challenges and Leadership Concerns

The team's struggling chairman the current owner 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 spring months caused limitations by the English Football League (EFL) in mid-year, stopping Wednesday from completing any player acquisitions for the next three transfer windows, although that restriction was lifted in August.

Regulator's Perspective

The chairman stated: "The position was created for the supporters of Wednesday, Bury or any football club where fans are dedicated to a community organization that has been part of their lives in numerous instances.

"I have absolute sympathy for Sheffield Wednesday, as I do for every team that since 1992 have gone to the wall, or approached financial ruin, for factors unrelated to 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 collect the information and comprehend the circumstances, we will."

But the chairman emphasized that requiring chairmen to relinquish clubs would be considered the final option and the regulator would prefer to cooperate with proprietors.

"Our least desirable course of action is begin intervening in an individual club, an specific proprietor, without being able to work with that owner to try and resolve the problems affecting the organization and the chairman's encountering," the chairman stated.

"However, realistically, when you review the record of football, over the recent generations there have been certain proprietors, few in number, but some who have been irresponsible in the manner they have operated their clubs and ultimately decline to assume obligation for the future."

'If we get it wrong, extraordinary progress vanishes'

The chairman convened with officials from numerous teams to explain the responsibilities of the regulator on Wednesday and maintained it represented a "proactive meeting" with a "substantial involvement" from the lower divisions to the top flight.

"The role holds considerable importance, because if we get it wrong, if the football community fails, the significant advances achieved might evaporate rapidly," Kogan said.

"Such an outcome is universally undesirable in the terms of English football is a major achievement - we've got to keep it going.

"Substantial financial resources entering the sport and has come into football for the recent generations, because certainty is lacking it will keep flowing into the sport, which is part of the rationale behind I think we have to maintain a focused outlook on risk and of course, of the next two or three years."

Top Flight Apprehensions

Top flight officials resisted the formation of an authority because of fears of a negative impact on the Premier League's sporting equality, but the regulator stated: "I completely endorse the prosperity and expansion as an economic entity of the top division.

"As someone who appreciates the concern of undermining the Premier League as a premium product of the nation. But concurrently, if you consult with top flight officials after the recent gathering, they would have had a significant degree of comfort -and, indeed, they have been advising us privately they have a considerable comfort."

Partisan Associations

Kogan is still facing a "thorough examination" by the official appointments authority after he disclosed making donations to the Labour Party in recent years.

The 68-year-old 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 have fully disclosed my past party membership [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," Kogan said.

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