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Sheffield Wednesday's ongoing struggles constitute a "major concern" and the independent regulator is seeking powers to examine team situations in similar circumstances, the newly appointed chairman the official has declared.

In a wide-ranging interview, Kogan, who was recently selected, voiced concern towards the club's followers.

The regulator engaged with four supporter groups connected to the football team this week.

The team have been struggling on and off the field in this season, with the club delaying salary disbursements on five separate occasions, including in last month.

"Evidently Wednesday represents a major concern for the league and a significant problem for football," the chairman stated.

"Wednesday stands as one of the iconic names for the English game and recently we have met supporters' organizations.

"We're now looking to get powers... which will permit us to bring Wednesday and comparable cases brought to our attention if they require examination and dealt with."

Economic Challenges and Leadership Concerns

The team's struggling chairman the Thai businessman indicated in the summer he would be prepared to relinquish control at their home ground, but he has been unable to finalize an agreement with prospective buyers.

Failure to pay player wages on time in March and May resulted in restrictions being imposed by the league officials in summer, blocking the team from conducting any transfers or loans for the next three transfer windows, although those limitations were removed in August.

Official's Viewpoint

Kogan said: "The job [of the regulator] is there for the Owls followers, teams facing challenges where fans are dedicated to a regional establishment that has been part of their lives in numerous instances.

"I completely understand Sheffield Wednesday, as I do for all the clubs that in modern times have encountered failure, or approached financial ruin, for reasons that have nothing to do with the followers."

Questioned about whether the regulator could force an proprietor to divest 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 assemble the facts and comprehend the circumstances, we will."

But the regulator clarified that forcing owners to sell clubs would be viewed as the ultimate measure and the authority would rather to work with them.

"The final option we would consider is commence engagement with an specific team, an particular chairman, without having the opportunity to collaborate with that chairman to fix the issues that the club's facing and the chairman's encountering," the chairman stated.

"However, realistically, when you examine the past of the game, over the past few decades there have been some owners, few in number, but certain individuals who have acted carelessly in the way which they've been managing their clubs and ultimately don't wish to take responsibility for the future."

'Mistakes could erase significant advances'

Kogan met with delegates from multiple organizations to explain the responsibilities of the authority recently and maintained it represented a "forward-thinking discussion" with a "substantial involvement" from the grassroots to elite level.

"This position carries substantial significance, because if we get it wrong, if the sport makes errors, the extraordinary progress that's been made could disappear rapidly," Kogan said.

"Such an outcome is universally undesirable in the context of the English game is a huge success story - we need to continue the progress.

"Considerable investment entering the sport 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 risk and of course, of the coming seasons."

Premier League Concerns

Elite division representatives objected to the formation of an authority because of concerns about detrimental effects on the top-flight's competitiveness, but Kogan said: "I completely endorse the success and growth as an financial organization of the elite league.

"I of all people understand the concern of undermining the top flight as an elite competition of England. But simultaneously, if you consult with top flight officials after the recent gathering, they would have had a substantial amount of confidence -and, indeed, they have been telling us in private they have a significant confidence."

Ideological Links

Kogan is still facing a "comprehensive investigation" by the official appointments authority after he revealed he contributed money to the political party in the past.

The chairman provided financial support for Secretary of State for Culture, Media and Sport Lisa Nandy's leadership campaign, along with that of the government leader.

"I have fully disclosed my former ideological connection [with Labour], and that party membership ceased the day the parliamentary committee confirmed my selection," the chairman stated.

"I am no longer involved in any type of partisan engagement."