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The Championship club's ongoing struggles constitute a "significant problem" and the new football authority is looking to gain the ability to investigate clubs in similar circumstances, its new chair David Kogan has stated.

In a wide-ranging interview, the regulator, who was recently selected, expressed "sympathy" towards supporters of the Owls.

The regulator engaged with four supporters' associations connected to the South Yorkshire club in recent days.

The team have been experiencing difficulties in multiple areas in 2025, with the club missing wage payments on multiple instances, including in September.

"Clearly Sheffield Wednesday has been a serious issue for football authorities and a significant problem for football," the regulator explained.

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

"We're now looking to get powers... which will enable us to take Wednesday and comparable cases referred to us if they need to be investigated and acted upon."

Financial Struggles and Ownership Situation

The team's struggling chairman Dejphon Chansiri indicated in the summer he would be open to selling the club at Hillsborough, but he has not been able to secure a deal with potential new owners.

Missed wage deadlines on time in March and May caused limitations by the league officials in summer, stopping Wednesday from completing any player acquisitions for the following recruitment periods, although the ban was rescinded in the end of the transfer window.

Authority's Position

Kogan said: "The job [of the regulator] is there for the Owls followers, Bury or any football club where supporters are loyal to a regional establishment that has existed throughout their lifetimes in multiple situations.

"I completely understand the team's plight, as I do for each organization that since 1992 have gone to the wall, or been close to going to the wall, for factors unrelated to the followers."

When asked if the oversight body could require 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 answer is once we collect the information and understand the situation, we will."

But the regulator clarified that compelling proprietors to divest clubs would be treated as a "last resort" and the authority would rather to collaborate with owners.

"The last thing what we want to do is begin intervening in an specific team, an specific proprietor, without having the opportunity to collaborate with that proprietor to address the problems affecting the organization and the chairman's encountering," the regulator explained.

"In actuality, when you review the record of football, over the recent generations there have been particular chairmen, not many, but some who have been irresponsible in the way which they've been managing their teams and eventually don't wish to take responsibility for the coming years."

'Mistakes could erase significant advances'

The chairman convened with representatives from 110 clubs to detail the scope of the authority recently 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 errors are made, if the sport makes errors, the significant advances achieved necessary will vanish swiftly," the chairman stated.

"Such an outcome is universally undesirable in the terms of English football is a major achievement - we need to continue the progress.

"There's an enormous amount of money coming into football and has come into football for the past two decades, because certainty is lacking it will keep flowing into the sport, which is one of the reasons why I think we have to adopt a precise perspective on challenges and obviously, of the coming seasons."

Top Flight Apprehensions

Top flight officials resisted the establishment of an oversight body because of fears of a negative impact on the Premier League's sporting equality, but Kogan said: "I fully support the success and growth as an financial organization of the top division.

"I of all people understand the apprehension regarding damaging the top flight as an elite competition of England. But concurrently, if you consult with top flight officials after this week's discussion, they would have had a substantial amount of confidence -and, in fact, they have been informing us confidentially they have a high level of reassurance."

Ideological Links

The regulator remains subject to a "thorough examination" by the public appointments commissioner after he disclosed making donations to the Labour Party in recent years.

The 68-year-old donated money to government minister the politician's campaign, along with that of the government leader.

"I have fully disclosed my previous political affiliation [with Labour], and that ideological connection terminated the day the parliamentary committee confirmed my selection," the regulator explained.

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