'We are going to be a part of football's future' - football oversight chief David Kogan
Sheffield Wednesday's persistent issues represent a a "serious issue" and the new football authority is aiming to acquire authority to look into club affairs in comparable cases, the recently named head the regulator has announced.
In a wide-ranging interview, Kogan, who was recently selected, expressed "sympathy" towards Wednesday's fanbase.
The chairman convened with four supporter groups associated with the football team recently.
The Championship side have been struggling on and off the field in the current year, with the club missing wage payments on five separate occasions, including in last month.
"Evidently Wednesday represents a serious issue for football authorities and a substantial concern for English football," the regulator explained.
"Wednesday stands as one of the great brands for English football and recently we have met supporters' organizations.
"We're now looking to get powers... which will allow us to have Wednesday and comparable cases referred to us if they warrant scrutiny and acted upon."
Financial Struggles and Ownership Situation
Wednesday's embattled owner the current owner indicated in the summer he would be prepared to relinquish control at Hillsborough, but he has failed to complete a sale with prospective buyers.
Missed wage deadlines on time in earlier this year resulted in restrictions being imposed by the league officials in June, preventing the club from carrying out any recruitment activities for the subsequent signing windows, although the ban was rescinded in August.
Regulator's Perspective
Kogan said: "The job [of the regulator] is there for the fans of Sheffield Wednesday, Bury or any football club where supporters are loyal to a regional establishment that has been part of their lives in many cases.
"I completely understand the club's situation, as I do for every team that over recent decades have faced collapse, or been close to going to the wall, for causes separate from the followers."
Questioned about whether the authority might compel an owner to sell a club if they are considered unfit, the regulator answered: "When asking whether 'would we intervene in the final instance?', the answer is once we gather the evidence and know what's going on, we will."
But the chairman emphasized that requiring chairmen to relinquish clubs would be considered the final option and the oversight body would choose to collaborate with owners.
"Our least desirable course of action is begin intervening in an individual club, an individual owner, without being able to work with that proprietor to address the challenges confronting the team and the owner's facing," the chairman stated.
"But the truth is, when you review the record of the game, over the past few decades there have been particular chairmen, a small minority, but certain individuals who have acted carelessly in the approach they have taken toward their teams and eventually decline to assume obligation for the future."
Owls fans have been protesting against the current proprietor during the current campaign
'Errors may undo substantial development'
Kogan met with representatives from 110 clubs to detail the scope of the oversight body this week and stated it constituted a "proactive meeting" with a "high level of engagement" from the lower divisions to the top flight.
"The role holds considerable importance, because if we get it wrong, if the world of football gets it wrong, the significant advances achieved might evaporate rapidly," Kogan said.
"And that's what nobody wants in the context of the English game is a major achievement - we must maintain momentum.
"There's an enormous amount of money entering the sport and has been channeled for the past two decades, because there are no assurances it will persist in entering the game, which is part of the rationale behind I think we have to maintain a focused outlook on risk and of course, of the coming seasons."
Top Flight Apprehensions
The Premier League opposed the creation of a regulator because of fears of a negative impact on the elite division's competitive balance, but the chairman responded: "I fully support the prosperity and expansion as an financial organization of the top division.
"As someone who appreciates the concern of undermining the top flight as an elite competition of the nation. But concurrently, if you talk to the Premier League after the recent gathering, they would have had a significant degree of comfort -and, indeed, they have been telling us in private they have a high level of reassurance."
Ideological Links
The chairman continues to confront a "comprehensive investigation" by the official appointments authority after he disclosed making donations to the Labour Party in recent years.
The 68-year-old provided financial support for Culture Secretary Lisa Nandy's leadership campaign, along with that of the current Prime Minister.
"I have fully disclosed my former ideological connection [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the regulator explained.
"I am presently disconnected from any form of political activity."