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Sheffield Wednesday's ongoing struggles represent a a "significant problem" and the football regulator is seeking powers to investigate clubs in comparable cases, its new chair the regulator has declared.

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

Kogan met with four supporters' associations representing the South Yorkshire club this week.

The Championship side have been experiencing difficulties in multiple areas in this season, with the club delaying salary disbursements on five separate occasions, including in last month.

"Clearly Sheffield Wednesday has been a major concern for the league and a significant problem for football," the regulator explained.

"The club represents one of the iconic names for the English game and recently we have met Sheffield Wednesday supporters' groups.

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

Financial Struggles and Ownership Situation

The team's struggling chairman the current owner stated during the off-season he would be prepared to relinquish control at their home ground, but he has failed to complete a sale with interested parties.

Delayed salary payments on time in spring months caused limitations by the football authorities in June, preventing the club from carrying out any recruitment activities for the following recruitment periods, although the ban was rescinded in August.

Official's Viewpoint

Kogan said: "Our role exists to serve the fans of Sheffield Wednesday, other clubs in similar situations where supporters are loyal to a local institution that has represented their community in many cases.

"I completely understand the club's situation, as I do for every team that since 1992 have gone to the wall, or been close to going to the wall, for causes separate from the followers."

Inquired if the oversight body could require an chairman to relinquish a club if they are judged inappropriate, the chairman responded: "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 Kogan stressed that forcing owners to sell clubs would be treated as a "last resort" and the authority would rather to cooperate with proprietors.

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

"However, realistically, when you examine the past of the game, over the recent generations there have been some owners, a small minority, but particular people who have shown negligence in the approach they have taken toward their teams and eventually don't wish to take responsibility for the coming years."

'If we get it wrong, extraordinary progress vanishes'

Kogan met with officials from numerous teams to detail the scope of the authority recently and stated it constituted a "progressive gathering" with a "high level of engagement" from the grassroots to elite level.

"This position carries substantial significance, because if errors are made, if the world of football gets it wrong, the significant advances achieved could disappear incredibly quickly," Kogan said.

"Such an outcome is universally undesirable in the context of the English game is a substantial accomplishment - we need to continue the progress.

"Considerable investment entering the sport and has come into football for the past two decades, because there's no guarantee it will keep flowing into the sport, which is part of the rationale behind I think we have to maintain a focused outlook on risk and of course, of the coming seasons."

Top Flight Apprehensions

Top flight officials resisted the creation of a regulator because of apprehensions regarding adverse consequences on the Premier League's sporting equality, but Kogan said: "I completely endorse the success and growth as an economic entity of the top division.

"Being fully aware of the apprehension regarding damaging the division as a high-quality offering of this country. But concurrently, if you engage with division representatives after today's meeting, they would have had a significant degree of comfort -and, in fact, they have been advising us privately they have a significant confidence."

Ideological Links

The chairman continues to confront a "comprehensive investigation" by the Commissioner for Public Appointments after he acknowledged providing funds to the political party in 2020.

The 68-year-old donated money to Culture Secretary the politician's campaign, along with that of the now Prime Minister Sir Keir Starmer.

"I've been completely open about my past party membership [with Labour], and that political affiliation came to an end the day the official body endorsed my nomination," the regulator explained.

"I am presently disconnected from any sort of politics."