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The Championship club's ongoing struggles constitute a "significant problem" and the new football authority is looking to gain the ability to examine team situations in comparable cases, its new chair the official has stated.

During an extensive discussion, the chairman, who was named to the position this week, voiced concern towards supporters of the Owls.

The chairman convened with four supporters' associations representing the Championship side this week.

The football club have been facing challenges both on and off the pitch in the current year, with the club missing wage payments on five separate occasions, including in last month.

"Clearly Sheffield Wednesday has been a significant problem for EFL and a substantial concern for English football," the chairman stated.

"The club represents one of the iconic names for English football and in recent days 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 need to be investigated and addressed."

Monetary Issues and Proprietorship Status

Wednesday's embattled owner Dejphon Chansiri indicated in the summer he would be willing to sell up at their home ground, but he has failed to complete a sale with potential new owners.

Delayed salary payments on time in March and May led to sanctions by the league officials in mid-year, preventing the club from carrying out any player acquisitions for the subsequent signing windows, although those limitations were removed in the end of the transfer window.

Official's Viewpoint

Kogan said: "Our role exists to serve the Owls followers, Bury or any football club where people are committed to a community organization that has represented their community in multiple situations.

"I fully appreciate the club's situation, as I do for all the clubs that over recent decades have faced collapse, or nearly ceased operations, for causes separate from the fans themselves."

Inquired if the authority might compel an chairman to relinquish a club if they are judged inappropriate, the regulator answered: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we gather the evidence and comprehend the circumstances, we will."

But Kogan stressed that requiring chairmen to relinquish clubs would be treated as a "last resort" and the authority would rather to cooperate with proprietors.

"The final option we would consider is commence engagement with an particular organization, an specific proprietor, without being able to work with that chairman to fix the challenges confronting the team and the owner's facing," the regulator explained.

"In actuality, when you review the record of football, over the recent generations there have been certain proprietors, few in number, but some who have been irresponsible in the way which they've been managing their clubs and ultimately decline to assume obligation for the future."

'Errors may undo substantial development'

Kogan met with officials from numerous teams to detail the scope of the authority recently and insisted it was a "forward-thinking discussion" with a "high level of engagement" from the grassroots to elite level.

"It's a job that's actually really important, because if we get it wrong, if the football community fails, the significant advances achieved might evaporate rapidly," the chairman stated.

"And that's what nobody wants in the realm of domestic football is a huge success story - we need to continue the progress.

"Considerable investment coming into football and has been invested for the last 20 or 25 years, because there's no guarantee it will keep flowing into the sport, which is part of the rationale behind I think we have to adopt a precise perspective on potential dangers and naturally, of the immediate future."

Premier League Concerns

The Premier League opposed the creation of a regulator because of concerns about detrimental effects on the top-flight's competitiveness, but the chairman responded: "I completely endorse the success and growth as an commercial operation of the Premier League.

"I of all people understand the concern of undermining the Premier League as a premium product of this country. But simultaneously, if you engage with division representatives after this week's discussion, they would have had a high level of reassurance -and, in fact, they have been advising us privately they have a considerable comfort."

Ideological Links

Kogan is still facing a "full inquiry" by the official appointments authority after he revealed he contributed money to the Labour Party in recent years.

The 68-year-old donated money to Secretary of State for Culture, Media and Sport Lisa Nandy's leadership campaign, along with that of the current Prime Minister.

"I have fully disclosed my previous political affiliation [with Labour], and that party membership ceased the day the parliamentary committee confirmed my selection," the regulator explained.

"I am presently disconnected from any form of political activity."