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Sheffield Wednesday's ongoing struggles represent a a "significant problem" and the football regulator is aiming to acquire authority to examine team situations in similar circumstances, its new chair the official has declared.

In a wide-ranging interview, the chairman, who was named to the position this week, showed understanding towards Wednesday's fanbase.

The chairman convened with four fan organizations associated with the Championship side this week.

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 several different times, including in last month.

"Clearly Sheffield Wednesday has been a serious issue for football authorities and a major challenge for the sport," Kogan told.

"The club represents one of the great brands for football in England and recently we have met fan representatives.

"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 Proprietorship Status

The club's controversial proprietor the current owner suggested earlier this year he would be willing to sell up at the stadium, but he has failed to complete a sale with potential new owners.

Failure to pay player wages on time in earlier this year caused limitations by the league officials in June, stopping Wednesday from completing any player acquisitions for the following recruitment periods, although the ban was rescinded in the end of the transfer window.

Official's Viewpoint

Kogan said: "The job [of the regulator] is there for the supporters of Wednesday, Bury or any football club where fans are dedicated to a local institution that has been part of their lives in multiple situations.

"I have absolute sympathy for the club's situation, as I do for every team that in modern times have encountered failure, or been close to going to the wall, for causes separate from the followers."

Inquired if the authority might compel an chairman to relinquish a club if they are deemed unsuitable, Kogan said: "When asking whether 'would we intervene in the final instance?', the reply is once we assemble the facts and comprehend the circumstances, 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.

"Our least desirable course of action is begin intervening in an specific team, an specific proprietor, without being able to work with that proprietor to address the challenges confronting the team and the owner's facing," the regulator explained.

"In actuality, when you look back over the history of the sport, over the past few decades there have been some owners, a small minority, but some who have been irresponsible in the approach they have taken toward their clubs and ultimately don't wish to take responsibility for the coming years."

'If we get it wrong, extraordinary progress vanishes'

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 "substantial involvement" from the grassroots to elite level.

"It's a job that's actually really important, because should mistakes occur, if the sport makes errors, the remarkable development accomplished could disappear swiftly," the chairman stated.

"Such an outcome is universally undesirable in the realm of domestic football is a substantial accomplishment - we must maintain momentum.

"Substantial financial resources flowing into the game and has been invested for the past two decades, because there's no guarantee it will persist in entering the game, which is one of the reasons why I think we have to take a really clear view on risk and of course, of the next two or three years."

Premier League Concerns

The Premier League opposed the establishment of an oversight body because of apprehensions regarding adverse consequences on the top-flight's competitiveness, but the regulator stated: "I completely endorse the prosperity and expansion as an economic entity of the Premier League.

"Being fully aware of the apprehension regarding damaging the division as a high-quality offering of this country. But at the same time, if you consult with top flight officials after this week's discussion, 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 official appointments authority after he revealed he contributed money to the Labour Party in 2020.

The official donated money to government minister Lisa Nandy's leadership campaign, along with that of the current Prime Minister.

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

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