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The Championship club's ongoing struggles represent a a "serious issue" and the new football authority is looking to gain the ability to investigate clubs in comparable cases, the recently named head David Kogan has stated.

In a wide-ranging interview, the regulator, who was appointed on Monday, expressed "sympathy" towards supporters of the Owls.

Kogan met with four fan organizations connected to the football team recently.

The Championship side have been struggling on and off the field in 2025, with the club failing to pay players on time on multiple instances, including in the autumn.

"Obviously the club has become a significant problem for EFL and a substantial concern for English football," Kogan told.

"Sheffield Wednesday is one of the great brands for English football and in recent days we have met Sheffield Wednesday supporters' groups.

"We're now looking to get powers... which will permit us to bring Wednesday and comparable cases brought to our attention if they require examination and acted upon."

Economic Challenges and Proprietorship Status

Wednesday's embattled owner the Thai businessman suggested earlier this year he would be willing to sell up at the stadium, but he has not been able to secure a deal with interested parties.

Failure to pay player wages on time in earlier this year caused limitations by the league officials in June, stopping Wednesday from completing any transfers or loans for the following recruitment periods, although those limitations were removed in the end of the transfer window.

Authority's Position

Kogan said: "The position was created for the supporters of Wednesday, Bury or any football club where fans are dedicated to a community organization that has existed throughout their lifetimes in many cases.

"I fully appreciate the team's plight, as I do for each organization that over recent decades have faced collapse, or been close to going to the wall, for reasons that have nothing to do with the fans themselves."

Inquired if the oversight body could require an owner to sell a club if they are considered unfit, the regulator answered: "If your question is 'would we intervene in the final instance?', the answer is once we collect the information and comprehend the circumstances, we will."

But the regulator clarified that forcing owners to sell clubs would be treated as a "last resort" and the authority would rather to cooperate with proprietors.

"The last thing what we want to do is start getting involved with an particular organization, an particular chairman, without being in a position to cooperate with that proprietor to address the problems affecting the organization and the chairman's encountering," the regulator explained.

"In actuality, when you look back over the history of the game, over the recent generations there have been certain proprietors, few in number, but particular people who have shown negligence in the manner they have operated their organizations and finally decline to assume obligation for the future."

'If we get it wrong, extraordinary progress vanishes'

The regulator engaged representatives from 110 clubs to explain the responsibilities of the regulator on Wednesday and insisted it was a "forward-thinking discussion" 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 world of football gets it wrong, the significant advances achieved could disappear incredibly quickly," the regulator warned.

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

"There's an enormous amount of money coming into football and has been invested for the past two decades, because there's no guarantee 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."

Premier League Concerns

Elite division representatives objected to the formation of an authority because of concerns about detrimental effects on the elite division's competitive balance, but Kogan said: "I'm absolutely committed to the prosperity and expansion as an economic entity of the elite league.

"As someone who appreciates the concern of undermining the top flight as an elite competition of the nation. But simultaneously, if you talk to the Premier League after today's meeting, they would have had a significant degree of comfort -and, in fact, they have been telling us in private they have a significant confidence."

Partisan Associations

The chairman continues to confront a "comprehensive investigation" by the Commissioner for Public Appointments after he revealed he contributed money to the opposition group in 2020.

The official contributed funds to Culture Secretary the politician's campaign, 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 official body endorsed my nomination," Kogan said.

"I am no longer involved in any form of political activity."