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Sheffield Wednesday's current difficulties represent a a "major concern" and the new football authority is aiming to acquire authority to investigate clubs in similar circumstances, its new chair the official has declared.

During an extensive discussion, the regulator, who was appointed on Monday, expressed "sympathy" towards Wednesday's fanbase.

The chairman convened with four supporters' associations connected to the Championship side in recent days.

The football club have been struggling on and off the field in the current year, with the club delaying salary disbursements on five separate occasions, including in September.

"Clearly Sheffield Wednesday has been a serious issue for football authorities and a significant problem for football," Kogan told.

"Wednesday stands as one of the great brands for English football and recently we have met Sheffield Wednesday supporters' groups.

"Our aim is to acquire the ability... which will permit us to bring Sheffield Wednesday - and other clubs referred to us if they warrant scrutiny and acted upon."

Financial Struggles and Leadership Concerns

Wednesday's embattled owner the Thai businessman 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.

Failure to pay player wages on time in earlier this year caused limitations by the English Football League (EFL) in mid-year, stopping Wednesday from completing any recruitment activities for the following recruitment periods, although that restriction was lifted in the end of the transfer window.

Official's Viewpoint

Kogan said: "The job [of the regulator] is there for the supporters of Wednesday, teams facing challenges where supporters are loyal to a community organization that has existed throughout their lifetimes in multiple situations.

"I fully appreciate Sheffield Wednesday, as I do for all the clubs that since 1992 have gone to the wall, or nearly ceased operations, for causes separate from the followers."

When asked if the regulator could force 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 response would be once we gather the evidence and know what's going on, we will."

But Kogan stressed that forcing owners to sell clubs would be considered the final option and the regulator would prefer to collaborate with owners.

"The last thing what we want to do is commence engagement with 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 chairman's encountering," the chairman stated.

"In actuality, when you look back over the history of the sport, over the last 20 or 30 years there have been some owners, a small minority, but particular people who have shown negligence in the manner they have operated their organizations and finally decline to assume obligation for the long-term prospects."

'Mistakes could erase significant advances'

The chairman convened with representatives from 110 clubs to detail the scope of the regulator on Wednesday and insisted it was a "forward-thinking discussion" with a "substantial involvement" from the lower divisions to the top flight.

"The role holds considerable importance, because if we get it wrong, if the world of football gets it wrong, the remarkable development accomplished might evaporate swiftly," the chairman stated.

"Such an outcome is universally undesirable in the terms of English football is a major achievement - we need to continue the progress.

"Substantial financial resources coming into football and has been channeled for the recent generations, because there's no guarantee it will persist in entering the game, which is one of the reasons why I think we have to maintain a focused outlook on potential dangers and naturally, of the coming seasons."

Premier League Concerns

Top flight officials resisted the establishment of an oversight body because of apprehensions regarding adverse consequences on the elite division's competitive balance, but the regulator stated: "I completely endorse the prosperity and expansion as an commercial operation of the top division.

"I of all people understand the worry about compromising the top flight as an elite competition of this country. But concurrently, if you consult with top flight officials after this week's discussion, they would have had a substantial amount of confidence -and, indeed, they have been telling us in private they have a high level of reassurance."

Partisan Associations

The chairman continues to confront a "thorough examination" by the official appointments authority after he acknowledged providing funds to the opposition group in 2020.

The 68-year-old contributed funds to government minister the politician's campaign, along with that of the government leader.

"I have been entirely transparent regarding my past party membership [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," the regulator explained.

"I am no longer involved in any sort of politics."