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Sheffield Wednesday's ongoing struggles are seen as a "serious issue" and the new football authority is aiming to acquire authority to investigate clubs in similar circumstances, its new chair the official has stated.

Through a comprehensive talk, the chairman, who was recently selected, voiced concern towards supporters of the Owls.

Kogan met with four supporter groups associated with the South Yorkshire club this week.

The football club have been facing challenges both on and off the pitch in this season, with the club missing wage payments on several different times, including in September.

"Clearly Sheffield Wednesday has been a significant problem for EFL and a significant problem for football," Kogan told.

"Sheffield Wednesday is one of the historic institutions for English football and in recent days we have met Sheffield Wednesday supporters' groups.

"We are seeking authority... which will permit us to bring the club and similar situations referred to us if they need to be investigated and acted upon."

Financial Struggles and Ownership Situation

Wednesday's embattled owner Dejphon Chansiri stated during the off-season he would be open to selling the club at their home ground, but he has been unable to finalize an agreement with potential new owners.

Failure to pay player wages on time in spring months caused limitations by the English Football League (EFL) in summer, stopping Wednesday from completing any transfers or loans for the following recruitment periods, although the ban was rescinded in late summer.

Authority's Position

The chairman stated: "Our role exists to serve the Owls followers, teams facing challenges where supporters are loyal to a local institution that has existed throughout their lifetimes in multiple situations.

"I completely understand the team's plight, as I do for every team that since 1992 have gone to the wall, 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: "If your question is 'would we intervene in the final instance?', the answer is once we collect the information and comprehend the circumstances, we will."

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

"Our least desirable course of action is start getting involved with an particular organization, an individual owner, without being able to work with that proprietor to address the challenges confronting the team and the owner's facing," the chairman stated.

"However, realistically, when you review the record of the game, over the last 20 or 30 years there have been certain proprietors, not many, but particular people who have shown negligence in the manner they have operated their teams and eventually don't wish to take responsibility for the future."

'Mistakes could erase significant advances'

Kogan met with officials from numerous teams to detail the scope of the oversight body this week and stated it constituted a "proactive meeting" with a "high level of engagement" from the lower divisions to the top flight.

"This position carries substantial significance, because should mistakes occur, if the world of football gets it wrong, the remarkable development accomplished necessary will vanish swiftly," the regulator warned.

"And that's what nobody wants in the context of the English game is a substantial accomplishment - we need to continue the progress.

"There's an enormous amount of money coming into football and has been channeled for the recent generations, because there's no guarantee it will continue to come into football, which is part of the rationale behind I think we have to adopt a precise perspective on risk and of course, of the next two or three years."

Premier League Concerns

Elite division representatives objected to the establishment of an oversight body because of fears of a negative impact on the elite division's competitive balance, but the chairman responded: "I fully support the success and growth as an economic entity of the Premier League.

"I of all people understand the concern of undermining the top flight as an elite competition of this country. But concurrently, if you consult with top flight officials after the recent gathering, they would have had a high level of reassurance -and, actually, they have been advising us privately they have a considerable comfort."

Political Connections

The regulator remains subject to a "full inquiry" by the official appointments authority after he acknowledged providing funds to the opposition group in the past.

The official provided financial support for Culture Secretary the minister's leadership bid, along with that of the government leader.

"I've been completely open about my past party membership [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," the chairman stated.

"I currently have no participation in any form of political activity."