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Sheffield Wednesday Faces a 'Significant Problem', Says Independent Regulator

'We are going to be a part of football's future' - football oversight chief David Kogan

Sheffield Wednesday's current difficulties represent a a "serious issue" and the independent regulator is aiming to acquire authority to investigate clubs in similar circumstances, its new chair David Kogan has declared.

During an extensive discussion, the chairman, who was recently selected, showed understanding towards supporters of the Owls.

Kogan met with four fan organizations representing the South Yorkshire club recently.

The football club have been facing challenges both on and off the pitch in this season, 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 chairman stated.

"The club represents one of the iconic names for football in England and recently we have met fan representatives.

"We are seeking authority... which will permit us to bring the club and similar situations brought to our attention if they need to be investigated and dealt with."

Financial Struggles and Proprietorship Status

The team's struggling chairman Dejphon Chansiri stated during the off-season he would be willing to sell up at the stadium, but he has failed to complete a sale with prospective buyers.

Delayed salary payments on time in March and May led to sanctions by the league officials in summer, stopping Wednesday from completing any transfers or loans for the next three transfer windows, although the ban was rescinded in August.

Official's Viewpoint

Kogan said: "The position was created for the Owls followers, other clubs in similar situations where people are committed to a community organization that has existed throughout their lifetimes in many cases.

"I have absolute sympathy for Sheffield Wednesday, as I do for all the clubs that since 1992 have gone to the wall, or nearly ceased operations, for factors unrelated to the supporters."

Questioned about whether the oversight body could require an owner to sell a club if they are deemed unsuitable, Kogan said: "When asking whether 'would we intervene in the final instance?', the answer is once we collect the information and comprehend the circumstances, we will."

But the regulator clarified that forcing owners to sell clubs would be considered the final option and the authority would rather to cooperate with proprietors.

"The final option we would consider is begin intervening in 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," Kogan said.

"However, realistically, when you examine the past of the sport, over the past few decades there have been certain proprietors, not many, but particular people who have shown negligence in the approach they have taken toward their organizations and finally decline to assume obligation for the coming years."

Owls fans have been demonstrating against owner Dejphon Chansiri in recent months

'If we get it wrong, extraordinary progress vanishes'

The regulator engaged representatives from 110 clubs to lay out the remit of the authority recently and insisted it was a "forward-thinking discussion" with a "significant participation" from the lower divisions to the top flight.

"It's a job that's actually really important, because if we get it wrong, if the world of football gets it wrong, the extraordinary progress that's been made could disappear incredibly quickly," the chairman stated.

"This represents everyone's worst fear in the terms of English football is a huge success story - we must maintain momentum.

"Substantial financial resources coming into football and has been invested for the recent generations, because there are no assurances it will keep flowing into the sport, which is among the factors explaining I think we have to take a really clear view on risk and of course, of the next two or three years."

Top Flight Apprehensions

Top flight officials resisted the formation of an authority because of fears of a negative impact on the top-flight's competitiveness, but Kogan said: "I completely endorse the achievement and development as an financial organization of the elite league.

"As someone who appreciates the concern of undermining the division as a high-quality offering of this country. But concurrently, if you engage with division representatives after today's meeting, they would have had a substantial amount of confidence -and, indeed, they have been informing us confidentially they have a significant confidence."

Ideological Links

The chairman continues to confront a "thorough examination" by the official appointments authority after he revealed he contributed money to the opposition group in recent years.

The official provided financial support for Secretary of State for Culture, Media and Sport the politician's 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 select committee approved my appointment," the regulator explained.

"I am presently disconnected from any sort of politics."

AF
Written by

Aaron Fernandez

Experienced poker journalist and lifelong Londoner covering the city's vibrant poker scene.

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