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Sheffield Wednesday's current difficulties represent a a "major concern" and the new football authority is seeking powers to examine team situations in comparable cases, the recently named head the official has stated.

During an extensive discussion, Kogan, who was appointed on Monday, showed understanding towards the club's followers.

Kogan met with four supporter groups associated with the Championship side in recent days.

The team have been struggling on and off the field in this season, with the club delaying salary disbursements on several different times, including in September.

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

"The club represents one of the iconic names for football in England and in recent days we have met supporters' organizations.

"We're now looking to get powers... which will enable us to take Wednesday and comparable cases submitted for our review if they warrant scrutiny and addressed."

Economic Challenges and Leadership Concerns

Wednesday's embattled owner the Thai businessman indicated in the summer he would be prepared to relinquish control at their home ground, but he has failed to complete a sale with potential new owners.

Delayed salary payments on time in spring months caused limitations by the league officials in summer, stopping Wednesday from completing any recruitment activities for the subsequent signing windows, although those limitations were removed in the end of the transfer window.

Regulator's Perspective

Kogan said: "The position was created for the fans of Sheffield Wednesday, teams facing challenges where supporters are loyal to a regional establishment that has existed throughout their lifetimes in many cases.

"I have absolute sympathy for the team's plight, as I do for all the clubs that since 1992 have gone to the wall, or approached financial ruin, for factors unrelated to the fans themselves."

When asked if the oversight body could require an proprietor to divest a club if they are considered unfit, Kogan said: "If your question is 'would we intervene in the final instance?', the reply is once we collect the information and comprehend the circumstances, we will."

But the regulator clarified that compelling proprietors to divest clubs would be viewed as the ultimate measure 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 being in a position to cooperate with that chairman to fix the challenges confronting the team and the proprietor's dealing with," the regulator explained.

"In actuality, when you examine the past of the game, over the past few decades there have been some owners, not many, but some who have been irresponsible in the way which they've been managing their organizations and finally decline to assume obligation for the long-term prospects."

'Mistakes could erase significant advances'

The chairman convened with delegates from multiple organizations to lay out the remit of the authority recently and insisted it was a "forward-thinking discussion" with a "high level of engagement" from the grassroots to elite level.

"This position carries substantial significance, because should mistakes occur, if the football community fails, the extraordinary progress that's been made could disappear swiftly," Kogan said.

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

"There's an enormous amount of money entering the sport and has been invested for the past two decades, because certainty is lacking it will continue to come into football, which is part of the rationale behind I think we have to maintain a focused outlook on risk and of course, of the immediate future."

Top Flight Apprehensions

Top flight officials resisted the creation of a regulator because of apprehensions regarding adverse consequences on the elite division's competitive balance, but the chairman responded: "I completely endorse the success and growth as an commercial operation of the elite league.

"Being fully aware of the apprehension regarding damaging the Premier League as a premium product of England. But at the same time, if you consult with top flight officials after today's meeting, they would have had a substantial amount of confidence -and, indeed, they have been informing us confidentially they have a high level of reassurance."

Political Connections

Kogan is still facing a "comprehensive investigation" by the official appointments authority after he disclosed making donations to the political party in the past.

The official donated money to government minister the politician's campaign, along with that of the government leader.

"I've been completely open about my past party membership [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," Kogan said.

"I currently have no participation in any sort of politics."