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The Championship club's persistent issues represent a a "significant problem" and the new football authority is aiming to acquire authority to investigate clubs in such situations, the recently named head David Kogan has announced.

In a wide-ranging interview, the regulator, who was appointed on Monday, expressed "sympathy" towards the club's followers.

The regulator engaged with four supporters' associations associated with the football team recently.

The team have been facing challenges both on and off the pitch in 2025, with the club delaying salary disbursements on five separate occasions, including in last month.

"Obviously the club has become a serious issue for football authorities and a significant problem for football," the regulator explained.

"Sheffield Wednesday is one of the great brands for football in England and this week we have met supporters' organizations.

"Our aim is to acquire the ability... which will allow us to have the club and similar situations submitted for our review if they require examination and dealt with."

Financial Struggles and Proprietorship Status

The team's struggling chairman the Thai businessman indicated in the summer he would be willing to sell up at Hillsborough, but he has not been able to secure a deal with prospective buyers.

Missed wage deadlines on time in earlier this year resulted in restrictions being imposed by the league officials in June, stopping Wednesday from completing any player acquisitions for the following recruitment periods, although those limitations were removed in August.

Official's Viewpoint

The regulator explained: "The position was created for the Owls followers, other clubs in similar situations where supporters are loyal to a regional establishment that has been part of their lives in numerous instances.

"I fully appreciate Sheffield Wednesday, as I do for every team that since 1992 have gone to the wall, or approached financial ruin, for reasons that have nothing to do with the followers."

Inquired if the authority might compel an owner to sell a club if they are considered unfit, the chairman responded: "When asking whether 'would we intervene in the final instance?', the reply is once we assemble the facts and understand the situation, we will."

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

"Our least desirable course of action is start getting involved with an specific team, an particular chairman, without being able to work with that proprietor to address the challenges confronting the team and the proprietor's dealing with," the regulator explained.

"But the truth is, when you review the record of the game, over the recent generations there have been certain proprietors, a small minority, but particular people who have shown negligence in the way which they've been managing their organizations and finally decline to assume obligation for the long-term prospects."

'Errors may undo substantial development'

The chairman convened with representatives from 110 clubs to lay out the remit of the authority recently and maintained it represented a "proactive meeting" with a "high level of engagement" from the grassroots to elite level.

"The role holds considerable importance, because if errors are made, if the world of football gets it wrong, the significant advances achieved could disappear incredibly quickly," the chairman stated.

"Such an outcome is universally undesirable in the context of the English game is a huge success story - we must maintain momentum.

"Considerable investment coming into football and has been channeled for the last 20 or 25 years, because there's no guarantee it will keep flowing into the sport, which is one of the reasons why I think we have to take a really clear view on potential dangers and naturally, of the next two or three years."

Elite Division Worries

Elite division representatives objected to the establishment of an oversight body because of concerns about detrimental effects on the top-flight's competitiveness, but the regulator stated: "I fully support the prosperity and expansion as an commercial operation of the Premier League.

"Being fully aware of the worry about compromising the Premier League as a premium product of England. But simultaneously, if you consult with top flight officials after the recent gathering, they would have had a substantial amount of confidence -and, actually, they have been informing us confidentially they have a considerable comfort."

Political Connections

The chairman continues to confront a "full inquiry" by the Commissioner for Public Appointments after he disclosed making donations to the opposition group in the past.

The 68-year-old contributed funds to Secretary of State for Culture, Media and Sport Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.

"I have fully disclosed my former ideological connection [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 sort of politics."