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Sheffield Wednesday's ongoing struggles are seen as a "significant problem" and the independent regulator is seeking powers to examine team situations in comparable cases, its new chair the official has declared.

Through a comprehensive talk, Kogan, who was appointed on Monday, showed understanding towards supporters of the Owls.

Kogan met with four fan organizations connected to the South Yorkshire club this week.

The Championship side 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 the autumn.

"Evidently Wednesday represents a major concern for the league and a substantial concern for English football," the regulator explained.

"Sheffield Wednesday is one of the historic institutions for football in England and recently we have met supporters' organizations.

"We're now looking to get powers... which will permit us to bring Wednesday and comparable cases brought to our attention if they need to be investigated and dealt with."

Financial Struggles and Ownership Situation

The team's struggling chairman the Thai businessman stated during the off-season he would be prepared to relinquish control at the stadium, but he has not been able to secure a deal with prospective buyers.

Delayed salary payments on time in March and May resulted in restrictions being imposed by the football authorities in June, blocking the team from conducting any recruitment activities for the next three transfer windows, although the ban was rescinded in August.

Authority's Position

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

"I have absolute sympathy for the club's situation, as I do for all the clubs that in modern times have encountered failure, or been close to going to the wall, for causes separate from the fans themselves."

When asked if 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 collect the information and know what's going on, we will."

But the chairman emphasized that requiring chairmen to relinquish clubs would be viewed as the ultimate measure and the regulator would prefer to cooperate with proprietors.

"The last thing what we want to do is start getting involved with an individual club, an specific proprietor, without having the opportunity to collaborate with that proprietor to address the issues that the club's facing and the proprietor's dealing with," the regulator explained.

"However, realistically, when you look back over the history of the sport, over the recent generations there have been certain proprietors, a small minority, but certain individuals who have acted carelessly in the manner they have operated their organizations and finally don't wish to take responsibility for the coming years."

'If we get it wrong, extraordinary progress vanishes'

The regulator engaged officials from numerous teams to detail the scope of the authority recently and insisted it was a "proactive meeting" with a "high level of engagement" from the lower divisions to the top flight.

"It's a job that's actually really important, because if we get it wrong, if the sport makes errors, the remarkable development accomplished necessary will vanish incredibly quickly," the regulator warned.

"This represents everyone's worst fear in the realm of domestic football is a major achievement - we've got to keep it going.

"Considerable investment coming into football and has been channeled for the past two decades, because there's no guarantee it will persist in entering the game, 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."

Top Flight Apprehensions

Top flight officials resisted the creation of a regulator because of concerns about detrimental effects on the Premier League's sporting equality, but the chairman responded: "I'm absolutely committed to the achievement and development as an financial organization of the Premier League.

"Being fully aware of the worry about compromising the Premier League as a premium product of this country. But concurrently, if you talk to the Premier League after today's meeting, they would have had a significant degree of comfort -and, actually, they have been advising us privately they have a considerable comfort."

Political Connections

The chairman continues to confront a "thorough examination" by the official appointments authority after he disclosed making donations to the opposition group in the past.

The official contributed funds to Secretary of State for Culture, Media and Sport the minister's leadership bid, 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 parliamentary committee confirmed my selection," the chairman stated.

"I currently have no participation in any type of partisan engagement."