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Sheffield Wednesday's ongoing struggles represent a a "major concern" and the football regulator is seeking powers to investigate clubs in comparable cases, its new chair the official has declared.

In a wide-ranging interview, Kogan, who was named to the position this week, voiced concern towards supporters of the Owls.

The chairman convened with four supporter groups associated with the Championship side this week.

The Championship side have been facing challenges both on and off the pitch in 2025, with the club failing to pay players on time on five separate occasions, including in September.

"Obviously the club has become a major concern for the league and a substantial concern for English football," the chairman stated.

"Sheffield Wednesday is one of the historic institutions for English football and in recent days we have met supporters' organizations.

"Our aim is to acquire the ability... which will permit us to bring Sheffield Wednesday - and other clubs brought to our attention if they warrant scrutiny and acted upon."

Monetary Issues and Ownership Situation

Wednesday's embattled owner the current owner indicated in the summer he would be open to selling the club at their home ground, but he has failed to complete a sale with potential new owners.

Missed wage deadlines on time in March and May resulted in restrictions being imposed by the English Football League (EFL) in summer, blocking the team from conducting any player acquisitions for the next three transfer windows, although that restriction was lifted in August.

Regulator's Perspective

The chairman stated: "The job [of the regulator] is there for the fans of Sheffield Wednesday, other clubs in similar situations where people are committed to a community organization that has represented their community in multiple situations.

"I completely understand the club's situation, as I do for each organization that in modern times have encountered failure, or approached financial ruin, for causes separate from the supporters."

Inquired if the authority might compel an proprietor to divest a club if they are deemed unsuitable, the regulator answered: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we collect the information and understand the situation, we will."

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

"Our least desirable course of action is begin intervening in an particular organization, an particular chairman, without being able to work with that chairman to fix the problems affecting the organization and the chairman's encountering," the regulator explained.

"In actuality, when you look back over the history of football, over the last 20 or 30 years there have been particular chairmen, few in number, but certain individuals who have acted carelessly in the approach they have taken toward their clubs and ultimately refuse to accept accountability for the coming years."

'Errors may undo substantial development'

Kogan met with officials from numerous teams to explain the responsibilities of the oversight body this week and stated it constituted a "forward-thinking discussion" with a "substantial involvement" from the grassroots to elite level.

"It's a job that's actually really important, because should mistakes occur, if the football community fails, the significant advances achieved could disappear swiftly," the chairman stated.

"And that's what nobody wants in the context of the English game is a major achievement - we need to continue the progress.

"Substantial financial resources flowing into the game and has come into football for the past two decades, because there are no assurances it will persist in entering the game, which is among the factors explaining I think we have to take a really clear view on challenges and obviously, of the immediate future."

Elite Division Worries

Top flight officials resisted the creation of a regulator because of concerns about detrimental effects on the Premier League's sporting equality, but Kogan said: "I fully support the achievement and development as an financial organization of the top division.

"I of all people understand the worry about compromising the Premier League as a premium product of this country. But simultaneously, if you talk to the Premier League after the recent gathering, they would have had a significant degree of comfort -and, indeed, they have been telling us in private they have a significant confidence."

Ideological Links

Kogan is still facing a "full inquiry" by the Commissioner for Public Appointments after he revealed he contributed money to the opposition group in 2020.

The official provided financial support for government minister the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.

"I have fully disclosed my former ideological connection [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the chairman stated.

"I currently have no participation in any form of political activity."