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The Championship club's current difficulties are seen as a "major concern" and the new football authority is seeking powers to examine team situations in similar circumstances, the recently named head the regulator has announced.

In a wide-ranging interview, the chairman, who was named to the position this week, voiced concern towards supporters of the Owls.

Kogan met with four supporter groups associated with the Championship side this week.

The team have been facing challenges both on and off the pitch in the current year, with the club delaying salary disbursements on multiple instances, including in the autumn.

"Clearly Sheffield Wednesday has been a serious issue for football authorities and a major challenge for the sport," Kogan told.

"Sheffield Wednesday is one of the great brands for English football and this week we have met supporters' organizations.

"We are seeking authority... which will allow us to have Sheffield Wednesday - and other clubs submitted for our review if they require examination and dealt with."

Financial Struggles and Ownership Situation

The team's struggling chairman the Thai businessman suggested earlier this year he would be prepared to relinquish control at Hillsborough, but he has been unable to finalize an agreement with interested parties.

Delayed salary payments on time in earlier this year led to sanctions by the football authorities in summer, preventing the club from carrying out any recruitment activities for the next three transfer windows, although that restriction was lifted in the end of the transfer window.

Authority's Position

The chairman stated: "The position was created for the supporters of Wednesday, Bury or any football club where people are committed to a local institution that has represented their community in multiple situations.

"I have absolute sympathy for the team's plight, as I do for each organization that over recent decades have faced collapse, or been close to going to the wall, for causes separate from the followers."

Inquired if the regulator could force an proprietor to divest a club if they are considered unfit, the chairman responded: "Should the inquiry concern '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 considered the final option and the authority would rather to collaborate with owners.

"The last thing what we want to do is start getting involved with an individual club, an particular chairman, without being in a position to cooperate with that owner to try and resolve the problems affecting the organization and the chairman's encountering," Kogan said.

"In actuality, when you review the record of the sport, over the recent generations there have been particular chairmen, a small minority, but some who have been irresponsible in the way which they've been managing their teams and eventually decline to assume obligation for the future."

'Mistakes could erase significant advances'

The chairman convened with representatives from 110 clubs to lay out the remit of the oversight body this week and stated it constituted a "progressive gathering" with a "significant participation" from the National League to the Premier League.

"This position carries substantial significance, because if we get it wrong, if the world of football gets it wrong, the remarkable development accomplished might evaporate incredibly quickly," the regulator warned.

"Such an outcome is universally undesirable in the terms of English football is a huge success story - we've got to keep it going.

"Substantial financial resources coming into football and has been invested for the recent generations, 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 potential dangers and naturally, of the immediate future."

Top Flight Apprehensions

The Premier League opposed the creation of a regulator because of fears of a negative impact on the Premier League's sporting equality, but the chairman responded: "I fully support the achievement and development as an economic entity of the Premier League.

"I of all people understand the concern of undermining the Premier League as a premium product of England. But simultaneously, if you consult with top flight officials after the recent gathering, they would have had a substantial amount of confidence -and, indeed, they have been informing us confidentially they have a significant confidence."

Ideological Links

The chairman continues to confront a "thorough examination" by the official appointments authority after he revealed he contributed money to the political party in 2020.

The 68-year-old provided financial support for government minister the politician's campaign, along with that of the government leader.

"I have fully disclosed my former ideological connection [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," the chairman stated.

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