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Sheffield Wednesday's current difficulties are seen as a "major concern" and the new football authority is looking to gain the ability to look into club affairs in such situations, its new chair the official has declared.

Through a comprehensive talk, Kogan, who was appointed on Monday, showed understanding towards Wednesday's fanbase.

Kogan met with four supporter groups associated with the South Yorkshire club in recent days.

The Championship side have been facing challenges both on and off the pitch in the current year, with the club failing to pay players on time on five separate occasions, including in the autumn.

"Obviously the club has become a serious issue for football authorities and a major challenge for the sport," the regulator explained.

"Wednesday stands as one of the great brands for the English game and recently we have met fan representatives.

"We're now looking to get powers... which will allow us to have the club and similar situations brought to our attention if they warrant scrutiny and dealt with."

Economic Challenges and Proprietorship Status

The team's struggling chairman Dejphon Chansiri stated during the off-season he would be willing to sell up at Hillsborough, but he has not been able to secure a deal with prospective buyers.

Delayed salary payments on time in spring months led to sanctions by the football authorities in June, preventing the club from carrying out any recruitment activities for the subsequent signing windows, although that restriction was lifted in the end of the transfer window.

Official's Viewpoint

The regulator explained: "The position was created for the fans of Sheffield Wednesday, other clubs in similar situations where supporters are loyal to a community organization that has been part of their lives in many cases.

"I completely understand the club's situation, as I do for every team that in modern times have encountered failure, or approached financial ruin, for factors unrelated to the fans themselves."

Inquired if the authority might compel an owner to sell a club if they are deemed unsuitable, 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 the chairman emphasized that requiring chairmen to relinquish clubs would be viewed as the ultimate measure and the oversight body would choose to cooperate with proprietors.

"Our least desirable course of action is start getting involved with an particular organization, an individual owner, without being in a position to cooperate with that proprietor to address the problems affecting the organization and the owner's facing," the chairman stated.

"But the truth is, when you review the record of the game, over the recent generations there have been particular chairmen, a small minority, but some who have been irresponsible in the manner they have operated their clubs and ultimately decline to assume obligation for the coming years."

'If we get it wrong, extraordinary progress vanishes'

Kogan met with representatives from 110 clubs to detail the scope of the regulator on Wednesday and stated it constituted a "proactive meeting" with a "high level of engagement" from the National League to the Premier League.

"It's a job that's actually really important, because should mistakes occur, if the world of football gets it wrong, the significant advances achieved necessary will vanish rapidly," the regulator warned.

"Such an outcome is universally undesirable in the realm of domestic football is a huge success story - we've got to keep it going.

"Substantial financial resources flowing into the game and has been invested for the past two decades, because certainty is lacking it will persist in entering the game, which is part of the rationale behind I think we have to maintain a focused outlook on challenges and obviously, of the next two or three years."

Elite Division Worries

Elite division representatives objected to the creation of a regulator because of concerns about detrimental effects on the top-flight's competitiveness, but Kogan said: "I'm absolutely committed to the prosperity and expansion as an commercial operation of the Premier League.

"Being fully aware of the worry about compromising the top flight as an elite competition of this country. But concurrently, if you talk to the Premier League after the recent gathering, they would have had a significant degree of comfort -and, actually, they have been advising us privately they have a considerable comfort."

Political Connections

Kogan is still facing a "full inquiry" by the public appointments commissioner after he disclosed making donations to the opposition group in 2020.

The chairman provided financial support for Secretary of State for Culture, Media and Sport Lisa Nandy's leadership campaign, along with that of the government leader.

"I have been entirely transparent regarding my former ideological connection [with Labour], and that ideological connection terminated the day the parliamentary committee confirmed my selection," Kogan said.

"I am presently disconnected from any type of partisan engagement."