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The Championship club's persistent issues are seen as a "major concern" and the new football authority is seeking powers to investigate clubs in comparable cases, its new chair the official has announced.

Through a comprehensive talk, the regulator, who was appointed on Monday, showed understanding towards the club's followers.

Kogan met with four fan organizations associated with the South Yorkshire club this week.

The team have been struggling on and off the field in 2025, with the club missing wage payments on five separate occasions, including in the autumn.

"Obviously the club has become a significant problem for EFL and a major challenge for the sport," Kogan told.

"Wednesday stands as one of the iconic names for the English game and in recent days we have met supporters' organizations.

"We are seeking authority... which will enable us to take Sheffield Wednesday - and other clubs brought to our attention if they require examination and addressed."

Economic Challenges and Proprietorship Status

The team's struggling chairman Dejphon Chansiri stated during the off-season he would be open to selling the club at the stadium, but he has not been able to secure a deal with prospective buyers.

Failure to pay player wages on time in March and May resulted in restrictions being imposed by the football authorities in summer, blocking the team from conducting any transfers or loans for the next three transfer windows, although that restriction was lifted in August.

Authority's Position

The chairman stated: "The position was created for the supporters of Wednesday, Bury or any football club where fans are dedicated to a community organization that has been part of their lives in multiple situations.

"I fully appreciate the team's plight, as I do for each organization that in modern times have encountered failure, or been close to going to the wall, for causes separate from the fans themselves."

When asked if the authority might compel an chairman to relinquish a club if they are judged inappropriate, the regulator answered: "When asking whether 'would we intervene in the final instance?', the response would be once we gather the evidence and understand the situation, we will."

But the chairman emphasized that requiring chairmen to relinquish clubs would be viewed as the ultimate measure and the oversight body would choose to cooperate with proprietors.

"The last thing what we want to do is commence engagement with an specific team, an specific proprietor, without being in a position to cooperate with that chairman to fix the challenges confronting the team and the chairman's encountering," the regulator explained.

"But the truth is, when you review the record of the game, over the past few decades there have been some owners, not many, but some who have been irresponsible in the manner they have operated their organizations and finally decline to assume obligation for the coming years."

'If we get it wrong, extraordinary progress vanishes'

The regulator engaged delegates from multiple organizations to explain the responsibilities of the regulator on Wednesday and insisted it was a "proactive meeting" with a "significant participation" from the National League to the Premier League.

"It's a job that's actually really important, because if we get it wrong, if the sport makes errors, the extraordinary progress that's been made might evaporate swiftly," Kogan said.

"This represents everyone's worst fear in the terms of English football is a major achievement - we need to continue the progress.

"There's an enormous amount of money flowing into the game and has come into football for the recent generations, because certainty is lacking it will persist in entering the game, which is among the factors explaining I think we have to adopt a precise perspective on challenges and obviously, of the coming seasons."

Top Flight Apprehensions

The Premier League opposed the formation of an authority because of concerns about detrimental effects on the top-flight's competitiveness, but the chairman responded: "I fully support the prosperity and expansion as an financial organization of the elite league.

"Being fully aware of the worry about compromising the top flight as an elite competition of England. But concurrently, if you engage with division representatives after the recent gathering, they would have had a high level of reassurance -and, in fact, they have been telling us in private they have a considerable comfort."

Political Connections

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

The 68-year-old contributed funds to Culture Secretary the minister's leadership bid, along with that of the government leader.

"I have been entirely transparent regarding my previous political affiliation [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," the regulator explained.

"I am presently disconnected from any form of political activity."