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The Championship club's current difficulties represent a a "major concern" and the football regulator is aiming to acquire authority to examine team situations in similar circumstances, the newly appointed chairman the official has declared.

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

The chairman convened with four fan organizations associated with the Championship side this week.

The Championship side have been struggling on and off the field in 2025, with the club delaying salary disbursements on multiple instances, including in the autumn.

"Evidently Wednesday represents a significant problem for EFL and a major challenge for the sport," Kogan told.

"Wednesday stands as one of the iconic names for football in England and recently we have met fan representatives.

"We are seeking authority... which will enable us to take Wednesday and comparable cases submitted for our review if they warrant scrutiny and addressed."

Economic Challenges and Ownership Situation

Wednesday's embattled owner Dejphon Chansiri stated during the off-season he would be prepared to relinquish control at their home ground, but he has not been able to secure a deal with potential new owners.

Missed wage deadlines on time in spring months resulted in restrictions being imposed by the football authorities in June, stopping Wednesday from completing any transfers or loans for the following recruitment periods, although the ban was rescinded in the end of the transfer window.

Official's Viewpoint

Kogan said: "The position was created for the fans of Sheffield Wednesday, other clubs in similar situations where supporters are loyal to a community organization that has been part of their lives in many cases.

"I fully appreciate the club's situation, as I do for every team that over recent decades have faced collapse, or approached financial ruin, for reasons that have nothing to do with the fans themselves."

Inquired if the regulator could force an chairman to relinquish a club if they are considered unfit, the regulator answered: "When asking whether 'would we intervene in the final instance?', the response would be once we assemble the facts and know what's going on, we will."

But Kogan stressed that forcing owners to sell clubs would be treated as a "last resort" and the regulator would prefer to work with them.

"The last thing what we want to do is begin intervening in an specific team, an particular chairman, without having the opportunity to collaborate with that chairman to fix the issues that the club's facing and the chairman's encountering," the regulator explained.

"In actuality, when you look back over the history of the sport, over the past few decades there have been some owners, a small minority, but certain individuals who have acted carelessly in the way which they've been managing their organizations and finally refuse to accept accountability for the long-term prospects."

'Errors may undo substantial development'

Kogan met with representatives from 110 clubs to explain the responsibilities of the oversight body this week and maintained it represented a "forward-thinking discussion" with a "significant participation" from the grassroots to elite level.

"The role holds considerable importance, because should mistakes occur, if the football community fails, the significant advances achieved could disappear incredibly quickly," Kogan said.

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

"Considerable investment coming into football 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 risk and of course, of the immediate future."

Elite Division Worries

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 achievement and development as an commercial operation of the Premier League.

"Being fully aware of the concern of undermining the division as a high-quality offering of England. But at the same time, if you engage with division representatives after today's meeting, they would have had a significant degree of comfort -and, indeed, they have been advising us privately they have a significant confidence."

Political Connections

The chairman continues to confront a "full inquiry" by the public appointments commissioner after he revealed he contributed money to the political party in 2020.

The chairman contributed funds to Secretary of State for Culture, Media and Sport the politician's campaign, along with that of the government leader.

"I have been entirely transparent regarding my previous political affiliation [with Labour], and that party membership ceased the day the select committee approved my appointment," the chairman stated.

"I am presently disconnected from any sort of politics."