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Sheffield Wednesday's ongoing struggles constitute a "significant problem" and the new football authority is aiming to acquire authority to investigate clubs in comparable cases, the newly appointed chairman the regulator has announced.

Through a comprehensive talk, the chairman, who was appointed on Monday, showed understanding towards the club's followers.

Kogan met with four supporter groups associated with the football team recently.

The football club have been struggling on and off the field in this season, with the club failing to pay players on time on five separate occasions, including in September.

"Evidently Wednesday represents a major concern for the league and a major challenge for the sport," Kogan told.

"The club represents one of the historic institutions for English football and recently we have met fan representatives.

"Our aim is to acquire the ability... which will permit us to bring Wednesday and comparable cases referred to us if they need to be investigated and dealt with."

Monetary Issues and Proprietorship Status

The team's struggling chairman the current owner suggested earlier this year he would be prepared to relinquish control at Hillsborough, but he has failed to complete a sale with prospective buyers.

Missed wage deadlines on time in March and May resulted in restrictions being imposed by the English Football League (EFL) in summer, preventing the club from carrying out any recruitment activities for the subsequent signing windows, although the ban was rescinded in late summer.

Official's Viewpoint

The chairman stated: "Our role exists to serve the fans of Sheffield Wednesday, other clubs in similar situations where people are committed to a regional establishment that has represented their community in many cases.

"I fully appreciate the team's plight, as I do for each organization that in modern times have encountered failure, or approached financial ruin, for reasons that have nothing to do with the supporters."

Inquired if the regulator could force an chairman to relinquish a club if they are considered unfit, the regulator answered: "When asking whether 'would we intervene in the final instance?', the answer is once we collect the information and understand the situation, we will."

But Kogan stressed that forcing owners to sell clubs would be viewed as the ultimate measure and the regulator would prefer to cooperate with proprietors.

"The last thing what we want to do is start getting involved with an particular organization, an particular chairman, without having the opportunity to collaborate with that chairman to fix the challenges confronting the team and the owner's facing," the chairman stated.

"But the truth is, when you look back over the history of football, over the recent generations there have been particular chairmen, a small minority, but particular people who have shown negligence in the manner they have operated their teams and eventually refuse to accept accountability for the future."

'If we get it wrong, extraordinary progress vanishes'

The chairman convened with representatives from 110 clubs to explain the responsibilities of the authority recently and stated it constituted a "progressive gathering" with a "substantial involvement" from the grassroots to elite level.

"It's a job that's actually really important, because if we get it wrong, if the football community fails, the significant advances achieved necessary will vanish swiftly," Kogan said.

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

"Considerable investment coming into football and has come into football for the past two decades, because certainty is lacking 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 challenges and obviously, of the coming seasons."

Elite Division Worries

Elite division representatives objected to the creation of a regulator because of fears of a negative impact on the top-flight's competitiveness, but the chairman responded: "I completely endorse the success and growth as an economic entity 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 this week's discussion, they would have had a high level of reassurance -and, in fact, they have been informing us confidentially they have a high level of reassurance."

Partisan Associations

The chairman continues to confront a "thorough examination" by the public appointments commissioner after he revealed he contributed money to the opposition group in the past.

The official contributed funds to Culture Secretary Lisa Nandy's leadership campaign, along with that of the government leader.

"I have been entirely transparent regarding my previous political affiliation [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," the regulator explained.

"I am no longer involved in any form of political activity."