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Sheffield Wednesday's persistent issues represent a a "significant problem" and the new football authority is looking to gain the ability to examine team situations in similar circumstances, its new chair the regulator has stated.

In a wide-ranging interview, Kogan, who was appointed on Monday, expressed "sympathy" towards Wednesday's fanbase.

The chairman convened with four supporters' associations connected to the South Yorkshire club in recent days.

The team have been struggling on and off the field in the current year, with the club failing to pay players on time on multiple instances, including in September.

"Evidently Wednesday represents a significant problem for EFL and a substantial concern for English football," the regulator explained.

"Sheffield Wednesday is one of the great brands for the English game and recently we have met fan representatives.

"Our aim is to acquire the ability... which will enable us to take the club and similar situations brought to our attention if they require examination and addressed."

Monetary Issues and Proprietorship Status

The team's struggling chairman the current owner suggested earlier this year he would be open to selling the club at their home ground, but he has been unable to finalize an agreement with interested parties.

Missed wage deadlines on time in earlier this year resulted in restrictions being imposed by the English Football League (EFL) in summer, stopping Wednesday from completing any transfers or loans for the following recruitment periods, although those limitations were removed in the end of the transfer window.

Regulator's Perspective

The regulator explained: "Our role exists to serve the Owls followers, teams facing challenges where people are committed to a regional establishment that has been part of their lives in many cases.

"I fully appreciate the club's situation, as I do for every team that since 1992 have gone to the wall, or approached financial ruin, for reasons that have nothing to do with the fans themselves."

Questioned about whether the oversight body could require an chairman to relinquish a club if they are deemed unsuitable, the chairman responded: "If your question is 'would we intervene in the final instance?', the response would be once we assemble the facts and know what's going on, we will."

But the regulator clarified that forcing owners to sell clubs would be viewed as the ultimate measure and the authority would rather to work with them.

"The final option we would consider is start getting involved with an specific team, an particular chairman, without having the opportunity to collaborate with that chairman to fix the issues that the club's facing and the chairman's encountering," Kogan said.

"In actuality, when you look back over the history of football, over the recent generations there have been some owners, a small minority, but particular people who have shown negligence in the manner they have operated their clubs and ultimately refuse to accept accountability for the future."

'Mistakes could erase significant advances'

Kogan met with officials from numerous teams to explain the responsibilities of the oversight body this week and maintained it represented a "forward-thinking discussion" 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 football community fails, the remarkable development accomplished might evaporate incredibly quickly," the regulator warned.

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

"There's an enormous amount of money flowing into the game and has come into football for the recent generations, because there are no assurances 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 next two or three years."

Elite Division Worries

The Premier League opposed the creation of a regulator because of fears of a negative impact on the elite division's competitive balance, but Kogan said: "I completely endorse the prosperity and expansion as an economic entity of the elite league.

"I of all people understand the concern of undermining the Premier League as a premium product of the nation. But simultaneously, if you engage with division representatives after this week's discussion, they would have had a significant degree of comfort -and, actually, they have been advising us privately they have a significant confidence."

Partisan Associations

The chairman continues to confront a "thorough examination" by the official appointments authority after he disclosed making donations to the political party in recent years.

The 68-year-old donated money to Culture Secretary the minister's leadership bid, along with that of the current Prime Minister.

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