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The Championship club's persistent issues are seen as a "significant problem" and the new football authority is looking to gain the ability to investigate clubs in such situations, its new chair David Kogan has declared.

In a wide-ranging interview, the chairman, who was appointed on Monday, showed understanding towards the club's followers.

Kogan met with four fan organizations associated with the football team recently.

The Championship side have been struggling on and off the field in 2025, with the club delaying salary disbursements on several different times, including in last month.

"Evidently Wednesday represents a serious issue for football authorities and a substantial concern for English football," the regulator explained.

"Sheffield Wednesday is one of the historic institutions for the English game and recently we have met fan representatives.

"We are seeking authority... which will enable us to take Sheffield Wednesday - and other clubs referred to us if they warrant scrutiny and dealt with."

Economic Challenges and Leadership Concerns

Wednesday's embattled owner the Thai businessman indicated in the summer he would be open to selling the club at Hillsborough, but he has been unable to finalize an agreement with interested parties.

Delayed salary payments on time in March and May resulted in restrictions being imposed by the English Football League (EFL) in mid-year, stopping Wednesday from completing any transfers or loans for the following recruitment periods, although the ban was rescinded in August.

Authority's Position

Kogan said: "The job [of the regulator] is there for the fans of Sheffield Wednesday, teams facing challenges where people are committed to a local institution that has represented their community in multiple situations.

"I completely understand Sheffield Wednesday, as I do for all the clubs that over recent decades have faced collapse, or approached financial ruin, for reasons that have nothing to do with the fans themselves."

Questioned about whether the oversight body could require an owner to sell a club if they are judged inappropriate, the regulator answered: "If your question is 'would we intervene in the final instance?', the reply 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 considered the final option and the regulator would prefer to cooperate with proprietors.

"The last thing what we want to do is start getting involved with an particular organization, an particular chairman, without having the opportunity to collaborate with that owner to try and resolve the challenges confronting the team and the owner's facing," the chairman stated.

"In actuality, when you review the record of football, over the past few decades there have been some owners, not many, but particular people who have shown negligence in the manner they have operated their organizations and finally don't wish to take responsibility for the long-term prospects."

'Errors may undo substantial development'

The chairman convened with delegates from multiple organizations to explain the responsibilities of the oversight body this week and stated it constituted a "forward-thinking discussion" with a "high level of engagement" from the grassroots to elite level.

"The role holds considerable importance, because should mistakes occur, if the football community fails, the extraordinary progress that's been made could disappear rapidly," Kogan said.

"And that's what nobody wants in the terms of English football is a substantial accomplishment - we've got to keep it going.

"Substantial financial resources coming into football and has been channeled for the last 20 or 25 years, because certainty is lacking it will keep flowing into the sport, which is one of the reasons why I think we have to maintain a focused outlook on challenges and obviously, of the coming seasons."

Premier League Concerns

The Premier League opposed the formation of an authority because of concerns about detrimental effects on the Premier League's sporting equality, but Kogan said: "I fully support the success and growth as an financial organization of the Premier League.

"I of all people understand the worry about compromising the Premier League as a premium product of the nation. But simultaneously, if you engage with division representatives after this week's discussion, they would have had a high level of reassurance -and, indeed, they have been advising us privately they have a considerable comfort."

Political Connections

Kogan is still facing a "full inquiry" by the Commissioner for Public Appointments after he acknowledged providing funds to the political party in 2020.

The 68-year-old donated money to Culture Secretary the politician's campaign, along with that of the now Prime Minister Sir Keir Starmer.

"I have fully disclosed my previous political affiliation [with Labour], and that ideological connection terminated the day the select committee approved my appointment," Kogan said.

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