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The team's ongoing struggles are seen as a "significant problem" and the independent regulator is seeking powers to examine team situations in similar circumstances, the newly appointed chairman the official has announced.

In a wide-ranging interview, the chairman, who was named to the position this week, voiced concern towards the club's followers.

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

The team have been facing challenges both on and off the pitch in 2025, with the club delaying salary disbursements on multiple instances, including in September.

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

"The club represents one of the iconic names for football in England and this week we have met supporters' organizations.

"Our aim is to acquire the ability... which will allow us to have Sheffield Wednesday - and other clubs submitted for our review if they require examination and addressed."

Monetary Issues and Proprietorship Status

Wednesday's embattled owner the Thai businessman stated during the off-season he would be open to selling the club at their home ground, but he has failed to complete a sale with prospective buyers.

Missed wage deadlines on time in spring months led to sanctions by the football authorities in June, stopping Wednesday from completing any recruitment activities for the next three transfer windows, although the ban was rescinded in August.

Authority's Position

Kogan said: "The position was created for the fans of Sheffield Wednesday, teams facing challenges where people are committed 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 since 1992 have gone to the wall, or been close to going to the wall, for reasons that have nothing to do with the followers."

Inquired if the regulator could force an proprietor to divest a club if they are considered unfit, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the response would be once we collect the information and comprehend the circumstances, we will."

But Kogan stressed that requiring chairmen to relinquish clubs would be considered the final option and the authority would rather to collaborate with owners.

"The last thing what we want to do is commence engagement with an specific team, 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," Kogan said.

"However, realistically, when you review the record of football, over the last 20 or 30 years there have been certain proprietors, few in number, but some who have been irresponsible in the approach they have taken toward their organizations and finally don't wish to take responsibility for the coming years."

'Errors may undo substantial development'

The regulator engaged delegates from multiple organizations to explain the responsibilities of the authority recently and stated it constituted a "progressive gathering" with a "high level of engagement" from the lower divisions to the top flight.

"It's a job that's actually really important, because should mistakes occur, if the football community fails, the extraordinary progress that's been made might evaporate rapidly," Kogan said.

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

"There's an enormous amount of money flowing into the game and has been invested 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 take a really clear view on potential dangers and naturally, of the coming seasons."

Top Flight Apprehensions

Elite division representatives objected to the establishment of an oversight body because of fears of a negative impact on the elite division's competitive balance, but the chairman responded: "I fully support the prosperity and expansion as an financial organization of the top division.

"As someone who appreciates the apprehension regarding damaging the Premier League as a premium product of this country. But concurrently, if you talk to the Premier League after the recent gathering, they would have had a substantial amount of confidence -and, in fact, they have been telling us in private they have a considerable comfort."

Partisan Associations

The regulator remains subject to a "comprehensive investigation" by the official appointments authority after he acknowledged providing funds to the political party in 2020.

The official contributed funds to Culture Secretary Lisa Nandy's leadership campaign, 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 party membership ceased the day the select committee approved my appointment," Kogan said.

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