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Sheffield Wednesday's persistent issues represent a a "major concern" and the football regulator is looking to gain the ability to look into club affairs in comparable cases, the newly appointed chairman the official has announced.

Through a comprehensive talk, Kogan, who was named to the position this week, expressed "sympathy" towards the club's followers.

The chairman convened with four supporter groups representing the football team this week.

The Championship side have been experiencing difficulties in multiple areas in this season, with the club delaying salary disbursements on multiple instances, including in September.

"Obviously the club has become a significant problem for EFL and a major challenge for the sport," the regulator explained.

"Sheffield Wednesday is one of the great brands for the English game and this week we have met fan representatives.

"Our aim is to acquire the ability... which will permit us to bring Wednesday and comparable cases brought to our attention if they warrant scrutiny and dealt with."

Financial Struggles and Ownership Situation

The team's struggling chairman Dejphon Chansiri indicated in the summer he would be willing to sell up at the stadium, but he has not been able to secure a deal with potential new owners.

Missed wage deadlines on time in March and May caused limitations by the English Football League (EFL) in mid-year, preventing the club from carrying out any player acquisitions for the next three transfer windows, although the ban was rescinded in August.

Official's Viewpoint

The chairman stated: "Our role exists to serve the fans of Sheffield Wednesday, teams facing challenges where fans are dedicated to a regional establishment that has represented their community in many cases.

"I fully appreciate the team's plight, as I do for each organization that over recent decades have faced collapse, or nearly ceased operations, for factors unrelated to the supporters."

Questioned about whether the regulator could force an proprietor to divest a club if they are considered unfit, the regulator answered: "When asking whether 'would we intervene in the final instance?', the reply is once we gather the evidence and comprehend the circumstances, we will."

But the regulator clarified that forcing owners to sell clubs would be considered the final option and the regulator would prefer to work with them.

"The last thing what we want to do is begin intervening in an specific team, an particular chairman, without having the opportunity to collaborate with that owner to try and resolve the challenges confronting the team and the owner's facing," the chairman stated.

"In actuality, when you look back over the history of football, over the last 20 or 30 years there have been particular chairmen, not many, but particular people who have shown negligence in the manner they have operated their clubs and ultimately don't wish to take responsibility for the coming years."

'Mistakes could erase significant advances'

The regulator engaged representatives from 110 clubs to lay out the remit of the oversight body this week and insisted it was a "progressive gathering" with a "significant participation" from the grassroots to elite level.

"It's a job that's actually really important, because if errors are made, if the football community fails, the extraordinary progress that's been made necessary will vanish rapidly," Kogan said.

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

"Considerable investment coming into football and has come into football for the last 20 or 25 years, because certainty is lacking it will keep flowing into the sport, which is one of the reasons why 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 formation of an authority because of apprehensions regarding adverse consequences on the elite division's competitive balance, but the regulator stated: "I completely endorse the success and growth as an commercial operation of the top division.

"I of all people understand the worry about compromising the Premier League as a premium product of England. But concurrently, if you talk to the Premier League after today's meeting, they would have had a significant degree of comfort -and, indeed, they have been advising us privately they have a considerable comfort."

Political Connections

The regulator remains subject to a "full inquiry" by the Commissioner for Public Appointments after he revealed he contributed money to the opposition group in the past.

The official contributed funds to government minister the politician's campaign, along with that of the government leader.

"I've been completely open about my past party membership [with Labour], and that party membership ceased the day the official body endorsed my nomination," Kogan said.

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