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Sheffield Wednesday's persistent issues are seen as a "serious issue" and the independent regulator is looking to gain the ability to examine team situations in such situations, the newly appointed chairman the official has declared.

In a wide-ranging interview, Kogan, who was appointed on Monday, showed understanding towards Wednesday's fanbase.

The chairman convened with four supporters' associations associated with the South Yorkshire club recently.

The football club have been struggling on and off the field in the current year, with the club missing wage payments on several different times, including in the autumn.

"Evidently Wednesday represents a serious issue for football authorities and a major challenge for the sport," the regulator explained.

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

"We're now looking to get powers... which will allow us to have Sheffield Wednesday - and other clubs referred to us if they warrant scrutiny and dealt with."

Economic Challenges and Ownership Situation

Wednesday's embattled owner the current owner suggested earlier this year he would be open to selling the club at Hillsborough, but he has failed to complete a sale with interested parties.

Failure to pay player wages on time in March and May caused limitations by the English Football League (EFL) in mid-year, stopping Wednesday from completing any recruitment activities for the next three transfer windows, although that restriction was lifted in late summer.

Regulator's Perspective

Kogan said: "The job [of the regulator] is there for the Owls followers, other clubs in similar situations where people are committed to a regional establishment that has been part of their lives in many cases.

"I have absolute sympathy for the club's situation, as I do for all the clubs that in modern times have encountered failure, or been close to going to the wall, for reasons that have nothing to do with the supporters."

Inquired if the regulator could force an owner to sell a club if they are deemed unsuitable, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we assemble the facts and comprehend the circumstances, we will."

But the chairman emphasized that compelling proprietors to divest clubs would be treated as a "last resort" and the authority would rather to collaborate with owners.

"The last thing what we want to do is start getting involved with an particular organization, an particular chairman, without being able to work with that proprietor to address the challenges confronting the team and the owner's facing," Kogan said.

"In actuality, when you look back over the history of the sport, over the past few decades there have been particular chairmen, a small minority, but particular people who have shown negligence in the manner they have operated 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 "progressive gathering" with a "substantial involvement" from the lower divisions to the top flight.

"It's a job that's actually really important, because should mistakes occur, if the world of football gets it wrong, the remarkable development accomplished could disappear incredibly quickly," the chairman stated.

"This represents everyone's worst fear in the terms of English football is a major achievement - we need to continue the progress.

"Considerable investment flowing into the game and has been invested for the recent generations, because there's no guarantee it will continue to come into football, which is among the factors explaining I think we have to maintain a focused outlook on potential dangers and naturally, of the immediate future."

Top Flight Apprehensions

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 economic entity of the top division.

"I of all people understand the worry about compromising the top flight as an elite competition of the nation. But concurrently, if you consult with top flight officials after this week's discussion, they would have had a substantial amount of confidence -and, in fact, they have been informing us confidentially they have a considerable comfort."

Political Connections

The chairman continues to confront a "comprehensive investigation" by the public appointments commissioner after he acknowledged providing funds to the opposition group in the past.

The 68-year-old donated money to Culture Secretary Lisa Nandy's leadership campaign, along with that of the government leader.

"I have been entirely transparent regarding my past party membership [with Labour], and that party membership ceased the day the official body endorsed my nomination," the chairman stated.

"I am presently disconnected from any form of political activity."