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Sheffield Wednesday's persistent issues are seen as a "major concern" and the football regulator is aiming to acquire authority to investigate clubs in such situations, the newly appointed chairman the official has declared.

During an extensive discussion, Kogan, who was named to the position this week, showed understanding towards Wednesday's fanbase.

The regulator engaged with four supporter groups associated with the Championship side in recent days.

The football club have been struggling on and off the field in the current year, with the club failing to pay players on time on five separate occasions, including in last month.

"Obviously the club has become a major concern for the league and a substantial concern for English football," Kogan told.

"Sheffield Wednesday is one of the iconic names for football in England and this week we have met supporters' organizations.

"We are seeking authority... which will permit us to bring Sheffield Wednesday - and other clubs brought to our attention if they need to be investigated and addressed."

Economic Challenges and Ownership Situation

The club's controversial proprietor 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 interested parties.

Failure to pay player wages on time in March and May led to sanctions by the football authorities in summer, stopping Wednesday from completing any recruitment activities for the following recruitment periods, although that restriction was lifted in late summer.

Official's Viewpoint

Kogan said: "The job [of the regulator] is there for the Owls followers, other clubs in similar situations where fans are dedicated to a local institution that has existed throughout their lifetimes in many cases.

"I fully appreciate the team's plight, as I do for every team that in modern times have encountered failure, or been close to going to the wall, for reasons that have nothing to do with the supporters."

Questioned about whether the authority might compel an owner to sell a club if they are deemed unsuitable, the regulator answered: "If your question is 'would we intervene in the final instance?', the reply is once we assemble the facts and understand the situation, we will."

But the regulator clarified that forcing owners to sell clubs would be treated as a "last resort" and the oversight body would choose to cooperate with proprietors.

"Our least desirable course of action is commence engagement with an individual club, an specific proprietor, without being in a position to cooperate with that proprietor to address the problems affecting the organization 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 certain proprietors, a small minority, but some who have been irresponsible in the way which they've been managing their teams and eventually decline to assume obligation for the coming years."

'Mistakes could erase significant advances'

The chairman convened with representatives from 110 clubs to explain the responsibilities of the regulator on Wednesday and insisted it was a "forward-thinking discussion" with a "significant participation" from the grassroots to elite level.

"This position carries substantial significance, because if we get it wrong, if the world of football gets it wrong, the remarkable development accomplished necessary will vanish incredibly quickly," Kogan said.

"Such an outcome is universally undesirable in the context of the English game is a major achievement - we've got to keep it going.

"There's an enormous amount of money entering the sport and has been channeled 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 take a really clear view on challenges and obviously, of the immediate future."

Top Flight Apprehensions

Elite division representatives objected to the formation of an authority because of apprehensions regarding adverse consequences on the Premier League's sporting equality, but the regulator stated: "I'm absolutely committed to the prosperity and expansion as an economic entity of the top division.

"I of all people understand the worry about compromising the top flight as an elite competition of England. But concurrently, if you talk to the Premier League after this week's discussion, they would have had a high level of reassurance -and, actually, they have been informing us confidentially they have a considerable comfort."

Ideological Links

Kogan is still facing a "full inquiry" by the official appointments authority after he acknowledged providing funds to the opposition group in the past.

The 68-year-old provided financial support for government minister the minister's leadership bid, along with that of the current Prime Minister.

"I have fully disclosed my former ideological connection [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," Kogan said.

"I currently have no participation in any form of political activity."