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Sheffield Wednesday's ongoing struggles represent a a "major concern" and the new football authority is looking to gain the ability to examine team situations in such situations, the recently named head the regulator has announced.

Through a comprehensive talk, Kogan, who was recently selected, showed understanding towards supporters of the Owls.

Kogan met with four supporters' associations representing the Championship side this week.

The Championship side have been experiencing difficulties in multiple areas 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 significant problem for football," Kogan told.

"Wednesday stands as one of the great brands for football in England and this week we have met Sheffield Wednesday supporters' groups.

"We are seeking authority... which will enable us to take Wednesday and comparable cases referred to us if they warrant scrutiny and acted upon."

Economic Challenges and Ownership Situation

Wednesday's embattled owner the Thai businessman stated during the off-season he would be prepared to relinquish control at the stadium, but he has been unable to finalize an agreement with interested parties.

Delayed salary payments on time in March and May caused limitations by the English Football League (EFL) in mid-year, preventing the club from carrying out any transfers or loans for the next three transfer windows, although the ban was rescinded in the end of the transfer window.

Regulator's Perspective

The regulator explained: "The job [of the regulator] is there for the supporters of Wednesday, teams facing challenges where fans are dedicated to a regional establishment that has represented their community in multiple situations.

"I completely understand the club's situation, as I do for all the clubs that over recent decades have faced collapse, or nearly ceased operations, for reasons that have nothing to do with the supporters."

Questioned about whether the authority might compel an owner to sell a club if they are considered unfit, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the answer is once we assemble the facts and understand the situation, we will."

But the regulator clarified that compelling proprietors to divest clubs would be treated as a "last resort" and the oversight body would choose to collaborate with owners.

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

"In actuality, when you look back over the history of football, over the past few decades there have been certain proprietors, few in number, but some who have been irresponsible in the manner they have operated their teams and eventually don't wish to take responsibility for the coming years."

'Mistakes could erase significant advances'

Kogan met with representatives from 110 clubs to detail the scope of the regulator on Wednesday and stated it constituted a "proactive meeting" with a "significant participation" from the lower divisions to the top flight.

"It's a job that's actually really important, because should mistakes occur, if the sport makes errors, the extraordinary progress that's been made could disappear rapidly," Kogan said.

"This represents everyone's worst fear in the context of the English game is a substantial accomplishment - we must maintain momentum.

"There's an enormous amount of money coming into football and has been invested for the last 20 or 25 years, because there's no guarantee it will keep flowing into the sport, which is one of the reasons why I think we have to adopt a precise perspective on potential dangers and naturally, of the coming seasons."

Elite Division Worries

Top flight officials resisted the establishment of an oversight body because of concerns about detrimental effects on the Premier League's sporting equality, but Kogan said: "I fully support the achievement and development as an financial organization of the Premier League.

"I of all people understand the concern of undermining the division as a high-quality offering of the nation. But at the same time, 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 telling us in private they have a significant confidence."

Political Connections

The regulator remains subject to a "comprehensive investigation" by the Commissioner for Public Appointments after he disclosed making donations to the political party in 2020.

The 68-year-old provided financial support for Culture Secretary Lisa Nandy's leadership campaign, along with that of the current Prime Minister.

"I have fully disclosed my past party membership [with Labour], and that party membership ceased the day the select committee approved my appointment," the chairman stated.

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