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The Championship club's ongoing struggles are seen as a "serious issue" and the new football authority is aiming to acquire authority to investigate clubs in comparable cases, its new chair the official has declared.

Through a comprehensive talk, the regulator, who was appointed on Monday, voiced concern towards Wednesday's fanbase.

Kogan met with four supporter groups connected to the Championship side this week.

The team have been struggling on and off the field in the current year, with the club missing wage payments on several different times, including in last month.

"Clearly Sheffield Wednesday has been a major concern for the league and a significant problem for football," the chairman stated.

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

"We're now looking to get powers... which will allow us to have Wednesday and comparable cases submitted for our review if they warrant scrutiny and addressed."

Monetary Issues and Proprietorship Status

The team's struggling chairman the Thai businessman stated during the off-season he would be open to selling the club at their home ground, but he has failed to complete a sale with interested parties.

Missed wage deadlines on time in spring months caused limitations by the league officials in summer, preventing the club from carrying out any transfers or loans for the following recruitment periods, although those limitations were removed in late summer.

Official's Viewpoint

The chairman stated: "The position was created for the fans of Sheffield Wednesday, teams facing challenges where fans are dedicated to a local institution that has represented their community in numerous instances.

"I completely understand Sheffield Wednesday, as I do for all the clubs that over recent decades have faced collapse, or been close to going to the wall, for causes separate from the supporters."

Questioned about whether the authority might compel an proprietor to divest a club if they are deemed unsuitable, Kogan said: "If your question is 'would we intervene in the final instance?', the answer is once we collect the information 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 cooperate with proprietors.

"Our least desirable course of action is begin intervening in an specific team, an individual owner, without being in a position to cooperate with that proprietor to address the issues that the club's facing and the chairman's encountering," Kogan said.

"However, realistically, when you look back over the history of football, over the recent generations there have been particular chairmen, a small minority, but some who have been irresponsible in the approach they have taken toward their teams and eventually decline to assume obligation for the coming years."

'Mistakes could erase significant advances'

The regulator engaged delegates from multiple organizations to lay out the remit of the authority recently and insisted it was a "proactive meeting" with a "substantial involvement" 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 sport makes errors, the remarkable development accomplished could disappear incredibly quickly," Kogan said.

"This represents everyone's worst fear in the realm of domestic football is a huge success story - we need to continue the progress.

"There's an enormous amount of money flowing into the game and has been channeled for the last 20 or 25 years, because certainty is lacking it will continue to come into football, which is one of the reasons why I think we have to take a really clear view 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 elite division's competitive balance, but the regulator stated: "I'm absolutely committed to the prosperity and expansion as an economic entity of the elite league.

"Being fully aware of the concern of undermining the top flight as an elite competition of this country. But simultaneously, if you talk to the Premier League after this week's discussion, they would have had a significant degree of comfort -and, actually, they have been telling us in private they have a high level of reassurance."

Partisan Associations

The regulator remains subject to a "thorough examination" by the public appointments commissioner after he acknowledged providing funds to the political party in the past.

The chairman provided financial support for Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the current Prime Minister.

"I've been completely open about my previous political affiliation [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," Kogan said.

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