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Sheffield Wednesday's persistent issues constitute a "major concern" and the football regulator is aiming to acquire authority to investigate clubs in comparable cases, its new chair the official has declared.

Through a comprehensive talk, the chairman, who was recently selected, showed understanding towards Wednesday's fanbase.

The regulator engaged with four supporter groups representing the football team this week.

The team have been struggling on and off the field in this season, with the club missing wage payments on five separate occasions, including in September.

"Evidently Wednesday represents a serious issue for football authorities and a substantial concern for English football," the regulator explained.

"The club represents one of the iconic names for English football and recently we have met supporters' organizations.

"Our aim is to acquire the ability... which will enable us to take the club and similar situations brought to our attention if they warrant scrutiny and acted upon."

Financial Struggles and Proprietorship Status

The club's controversial proprietor Dejphon Chansiri suggested earlier this year he would be willing to sell up at Hillsborough, but he has been unable to finalize an agreement with interested parties.

Missed wage deadlines on time in March and May caused limitations by the football authorities in mid-year, stopping Wednesday from completing any recruitment activities for the following recruitment periods, although that restriction was lifted in August.

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 community organization that has existed throughout their lifetimes in many cases.

"I completely understand the club's situation, as I do for each organization that over recent decades have faced collapse, or nearly ceased operations, 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 judged inappropriate, the regulator answered: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we collect the information and comprehend the circumstances, we will."

But Kogan stressed that compelling proprietors to divest clubs would be viewed as the ultimate measure and the oversight body would choose to cooperate with proprietors.

"Our least desirable course of action is start getting involved with an specific team, an specific proprietor, without being in a position to cooperate with that proprietor to address the problems affecting the organization and the proprietor's dealing with," the chairman stated.

"However, realistically, when you examine the past of the game, over the last 20 or 30 years there have been some owners, not many, but some who have been irresponsible in the approach they have taken toward their organizations and finally refuse to accept accountability for the future."

'Mistakes could erase significant advances'

Kogan met with representatives from 110 clubs to explain the responsibilities of the regulator on Wednesday and maintained it represented a "proactive meeting" with a "substantial involvement" from the National League to the Premier League.

"The role holds considerable importance, because if we get it wrong, if the sport makes errors, the remarkable development accomplished might evaporate rapidly," the chairman stated.

"Such an outcome is universally undesirable in the terms of English football is a substantial accomplishment - we must maintain momentum.

"Considerable investment flowing into the game and has come into football for the recent generations, because there are no assurances it will persist in entering the game, which is part of the rationale behind I think we have to maintain a focused outlook on potential dangers and naturally, of the coming seasons."

Elite Division Worries

The Premier League opposed the formation of an authority because of concerns about detrimental effects on the Premier League's sporting equality, but the regulator stated: "I completely endorse the success and growth as an financial organization of the top division.

"As someone who appreciates the worry about compromising the Premier League as a premium product of the nation. But at the same time, if you consult with top flight officials after today's meeting, they would have had a high level of reassurance -and, in fact, they have been telling us in private they have a considerable comfort."

Ideological Links

The regulator remains subject to a "thorough examination" by the Commissioner for Public Appointments after he acknowledged providing funds to the Labour Party in the past.

The 68-year-old donated money to government minister the politician's campaign, along with that of the government leader.

"I've been completely open about my former ideological connection [with Labour], and that ideological connection terminated the day the parliamentary committee confirmed my selection," the chairman stated.

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