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Sheffield Wednesday's current difficulties represent a a "major concern" and the new football authority is aiming to acquire authority to investigate clubs in similar circumstances, the newly appointed chairman the regulator has declared.

During an extensive discussion, Kogan, who was appointed on Monday, voiced concern towards the club's followers.

The regulator engaged with four supporter groups connected to the South Yorkshire club this week.

The team have been experiencing difficulties in multiple areas in 2025, with the club missing wage payments on several different times, including in last month.

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

"The club represents one of the great brands for English football and recently we have met fan representatives.

"Our aim is to acquire the ability... which will enable us to take Wednesday and comparable cases referred to us if they require examination and dealt with."

Monetary Issues and Proprietorship Status

Wednesday's embattled owner Dejphon Chansiri suggested earlier this year he would be open to selling the club at their home ground, but he has not been able to secure a deal with prospective buyers.

Failure to pay player wages on time in March and May led to sanctions by the football authorities in mid-year, blocking the team from conducting any recruitment activities for the following recruitment periods, although the ban was rescinded in August.

Regulator's Perspective

The regulator explained: "The job [of the regulator] is there for the supporters of Wednesday, other clubs in similar situations where people are committed to a community organization that has been part of their lives in multiple situations.

"I completely understand Sheffield Wednesday, as I do for all the clubs that in modern times have encountered failure, or been close to going to the wall, for causes separate from the supporters."

When asked if the regulator could force an owner to sell a club if they are judged inappropriate, Kogan said: "When asking whether 'would we intervene in the final instance?', the response would be once we assemble the facts and understand the situation, we will."

But the regulator clarified that requiring chairmen to relinquish clubs would be treated as a "last resort" and the regulator would prefer to work with them.

"The final option we would consider is commence engagement with an individual club, an specific proprietor, without having the opportunity to collaborate with that owner to try and resolve the challenges confronting the team and the proprietor's dealing with," the regulator explained.

"But the truth is, when you examine the past of football, over the recent generations there have been some owners, a small minority, but particular people who have shown negligence in the manner they have operated their teams and eventually don't wish to take responsibility for the future."

'If we get it wrong, extraordinary progress vanishes'

The chairman convened with representatives from 110 clubs to explain the responsibilities of the authority recently and maintained it represented a "forward-thinking discussion" with a "high level of engagement" from the lower divisions to the top flight.

"This position carries substantial significance, because if errors are made, if the world of football gets it wrong, the remarkable development accomplished might evaporate rapidly," the regulator warned.

"Such an outcome is universally undesirable in the context of the English game is a huge success story - we've got to keep it going.

"There's an enormous amount of money coming into football and has been invested for the last 20 or 25 years, because there are no assurances it will keep flowing into the sport, which is among the factors explaining I think we have to adopt a precise perspective on risk and of course, of the coming seasons."

Elite Division Worries

Top flight officials resisted the formation of an authority because of concerns about detrimental effects on the elite division's competitive balance, but the chairman responded: "I'm absolutely committed to the achievement and development as an economic entity of the Premier League.

"Being fully aware of the concern of undermining the division as a high-quality offering of the nation. But concurrently, if you engage with division representatives after this week's discussion, they would have had a substantial amount of confidence -and, in fact, they have been telling us in private they have a significant confidence."

Partisan Associations

Kogan is still facing a "thorough examination" by the public appointments commissioner after he disclosed making donations to the opposition group in the past.

The official donated money to Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.

"I have been entirely transparent regarding my former ideological connection [with Labour], and that ideological connection terminated the day the parliamentary committee confirmed my selection," the regulator explained.

"I am presently disconnected from any type of partisan engagement."