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Sheffield Wednesday's current difficulties constitute a "significant problem" and the independent regulator is seeking powers to investigate clubs in similar circumstances, the recently named head the official has declared.

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

Kogan met with four supporters' associations associated with the Championship side recently.

The team have been experiencing difficulties in multiple areas in the current year, with the club failing to pay players on time on five separate occasions, including in the autumn.

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

"Sheffield Wednesday is one of the historic institutions for English football and recently we have met supporters' organizations.

"Our aim is to acquire the ability... which will allow us to have Wednesday and comparable cases referred to us if they warrant scrutiny and dealt with."

Economic Challenges and Leadership Concerns

The team's struggling chairman the current owner indicated in the summer he would be open to selling the club at the stadium, but he has failed to complete a sale with potential new owners.

Delayed salary payments on time in March and May resulted in restrictions being imposed by the football authorities in mid-year, preventing the club from carrying out any player acquisitions for the next three transfer windows, although that restriction was lifted in August.

Official's Viewpoint

The chairman stated: "The position was created for the fans of Sheffield Wednesday, other clubs in similar situations where people are committed to a regional establishment that has been part of their lives in many cases.

"I fully appreciate the team's plight, as I do for every team that in modern times have encountered failure, or nearly ceased operations, for causes separate from the followers."

Questioned about whether the regulator could force an owner to sell a club if they are judged inappropriate, the chairman responded: "When asking whether '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 regulator clarified that forcing owners to sell clubs would be treated as a "last resort" and the regulator would prefer to collaborate with owners.

"The final option we would consider is start getting involved with an specific team, an individual owner, without being in a position to cooperate with that proprietor to address the challenges confronting the team and the chairman's encountering," the chairman stated.

"However, realistically, when you look back over the history of football, over the recent generations there have been certain proprietors, a small minority, but certain individuals who have acted carelessly in the approach they have taken toward their clubs and ultimately decline to assume obligation for the coming years."

'If we get it wrong, extraordinary progress vanishes'

The regulator engaged representatives from 110 clubs to lay out the remit of the regulator on Wednesday and maintained it represented a "forward-thinking discussion" with a "significant participation" from the National League to the Premier League.

"It's a job that's actually really important, because if we get it wrong, if the football community fails, the extraordinary progress that's been made might evaporate incredibly quickly," the chairman stated.

"This represents everyone's worst fear in the context of the English game is a substantial accomplishment - we need to continue the progress.

"There's an enormous amount of money coming into football and has been invested for the past two decades, because there's no guarantee it will continue to come into football, 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."

Premier League Concerns

Elite division representatives objected to the formation of an authority because of fears of a negative impact on the top-flight's competitiveness, but Kogan said: "I completely endorse the achievement and development as an financial organization of the top division.

"As someone who appreciates the worry about compromising the top flight as an elite competition of England. But simultaneously, if you engage with division representatives after today's meeting, they would have had a high level of reassurance -and, indeed, they have been informing us confidentially they have a considerable comfort."

Ideological Links

The chairman continues to confront a "thorough examination" by the Commissioner for Public Appointments after he revealed he contributed money to the Labour Party in 2020.

The chairman contributed funds to government minister the politician's campaign, along with that of the current Prime Minister.

"I have fully disclosed my past party membership [with Labour], and that ideological connection terminated the day the select committee approved my appointment," Kogan said.

"I currently have no participation in any type of partisan engagement."