'We are going to be a part of football's future' - independent football regulator David Kogan
Sheffield Wednesday's ongoing struggles are seen as a "major concern" and the football regulator is seeking powers to examine team situations in comparable cases, the newly appointed chairman the regulator has stated.
During an extensive discussion, Kogan, who was recently selected, expressed "sympathy" towards Wednesday's fanbase.
Kogan met with four fan organizations associated with the football team in recent days.
The Championship side have been struggling on and off the field in the current year, with the club missing wage payments on several different times, including in the autumn.
"Evidently Wednesday represents a significant problem for EFL and a major challenge for the sport," Kogan told.
"Sheffield Wednesday is one of the great brands for English football and in recent days we have met fan representatives.
"We are seeking authority... which will enable us to take the club and similar situations submitted for our review if they warrant scrutiny and dealt with."
Financial Struggles and Ownership Situation
The club's controversial proprietor the Thai businessman stated during the off-season he would be open to selling the club at Hillsborough, but he has been unable to finalize an agreement with potential new owners.
Delayed salary payments on time in earlier this year caused limitations by the league officials in June, stopping Wednesday from completing any recruitment activities for the following recruitment periods, although that restriction was lifted in August.
Authority's Position
The chairman stated: "Our role exists to serve the Owls followers, teams facing challenges where fans are dedicated to a regional establishment that has existed throughout their lifetimes in many cases.
"I completely understand Sheffield Wednesday, as I do for all the clubs that over recent decades have faced collapse, or nearly ceased operations, for causes separate from the fans themselves."
Inquired if the oversight body could require an owner to sell a club if they are considered unfit, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the answer is once we assemble the facts and know what's going on, we will."
But the chairman emphasized that forcing owners to sell clubs would be considered the final option and the authority would rather to collaborate with owners.
"The final option we would consider is start getting involved with an particular organization, an specific proprietor, without being able to work with that proprietor to address the issues that the club's facing and the proprietor's dealing with," the regulator explained.
"However, realistically, when you look back over the history of the game, over the last 20 or 30 years there have been particular chairmen, not many, but particular people who have shown negligence in the approach they have taken toward their organizations and finally don't wish to take responsibility for the long-term prospects."
Owls fans have been voicing opposition to owner Dejphon Chansiri in recent months
'Errors may undo substantial development'
Kogan met with delegates from multiple organizations to detail the scope of the oversight body this week and maintained it represented a "progressive gathering" with a "significant participation" from the grassroots to elite level.
"The role holds considerable importance, because if we get it wrong, if the sport makes errors, the extraordinary progress that's been made could disappear swiftly," the chairman stated.
"Such an outcome is universally undesirable in the realm of domestic football is a major achievement - we must maintain momentum.
"Substantial financial resources coming into football and has been channeled for the past two decades, because there's no guarantee it will continue to come into football, which is part of the rationale behind I think we have to adopt a precise perspective on risk and of course, of the next two or three years."
Top Flight Apprehensions
Elite division representatives objected to the formation of an authority because of apprehensions regarding adverse consequences on the top-flight's competitiveness, but the chairman responded: "I completely endorse the success and growth as an financial organization of the elite league.
"Being fully aware of the worry about compromising the Premier League as a premium product of England. But at the same time, if you engage with division representatives after this week's discussion, they would have had a substantial amount of confidence -and, actually, they have been advising us privately they have a considerable comfort."
Partisan Associations
Kogan is still facing a "full inquiry" by the public appointments commissioner after he acknowledged providing funds to the political party in the past.
The chairman provided financial support for Culture Secretary Lisa Nandy's leadership campaign, along with that of the government leader.
"I have been entirely transparent regarding my past party membership [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the regulator explained.
"I currently have no participation in any type of partisan engagement."