'We are going to be a part of football's future' - independent football regulator the new chairman
The Championship club's persistent issues are seen as a "serious issue" and the new football authority is seeking powers to examine team situations in comparable cases, the newly appointed chairman David Kogan has stated.
In a wide-ranging interview, the chairman, who was named to the position this week, showed understanding towards Wednesday's fanbase.
Kogan met with four fan organizations representing the South Yorkshire club in recent days.
The team have been facing challenges both on and off the pitch in the current year, with the club failing to pay players on time on several different times, including in the autumn.
"Obviously the club has become a serious issue for football authorities and a substantial concern for English football," the regulator explained.
"Sheffield Wednesday is one of the historic institutions for English football and in recent days we have met supporters' organizations.
"We are seeking authority... which will enable us to take Sheffield Wednesday - and other clubs referred to us if they warrant scrutiny and dealt with."
Financial Struggles and Proprietorship Status
The team's struggling chairman Dejphon Chansiri suggested earlier this year he would be prepared to relinquish control at Hillsborough, but he has been unable to finalize an agreement with prospective buyers.
Failure to pay player wages on time in earlier this year led to sanctions by the English Football League (EFL) in summer, blocking the team from conducting any recruitment activities for the subsequent signing windows, although those limitations were removed in the end of the transfer window.
Regulator's Perspective
Kogan said: "The job [of the regulator] is there for the supporters of Wednesday, teams facing challenges where fans are dedicated to a regional establishment that has represented their community in multiple situations.
"I fully appreciate the team's plight, as I do for every team that over recent decades have faced collapse, or nearly ceased operations, for causes separate from the supporters."
When asked if the authority might compel an proprietor to divest a club if they are considered unfit, the chairman responded: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we assemble the facts and know what's going on, we will."
But Kogan stressed that requiring chairmen to relinquish clubs would be treated as a "last resort" and the oversight body would choose to cooperate with proprietors.
"The last thing what we want to do is commence engagement with an particular organization, an specific proprietor, without being in a position to cooperate with that chairman to fix the challenges confronting the team and the owner's facing," the regulator explained.
"In actuality, when you examine the past of the game, over the last 20 or 30 years there have been certain proprietors, a small minority, but some who have been irresponsible in the manner they have operated their clubs and ultimately don't wish to take responsibility for the long-term prospects."
Sheffield Wednesday supporters have been voicing opposition to the team's chairman this season
'Mistakes could erase significant advances'
Kogan met with representatives from 110 clubs to explain the responsibilities of the authority recently and maintained it represented a "progressive gathering" with a "high level of engagement" from the grassroots to elite level.
"It's a job that's actually really important, because if we get it wrong, if the football community fails, the extraordinary progress that's been made might evaporate incredibly quickly," Kogan said.
"Such an outcome is universally undesirable in the context of the English game is a major achievement - we must maintain momentum.
"There's an enormous amount of money coming into football and has been channeled for the past two decades, 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 next two or three years."
Elite Division Worries
Top flight officials resisted the creation of a regulator because of apprehensions regarding adverse consequences on the Premier League's sporting equality, but the regulator stated: "I completely endorse the achievement and development as an commercial operation of the Premier League.
"Being fully aware of the apprehension regarding damaging 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, in fact, they have been telling us in private they have a significant confidence."
Ideological Links
The regulator remains subject to a "full inquiry" by the official appointments authority after he disclosed making donations to the political party in the past.
The official donated money to government minister the minister's leadership bid, along with that of the government leader.
"I've been completely open about my former ideological connection [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the chairman stated.
"I am presently disconnected from any type of partisan engagement."