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Sheffield Wednesday's ongoing struggles constitute a "major concern" and the new football authority is seeking powers to investigate clubs in comparable cases, its new chair the official has declared.

Through a comprehensive talk, the chairman, who was recently selected, voiced concern towards the club's followers.

Kogan met with four fan organizations representing the South Yorkshire club in recent days.

The team have been facing challenges both on and off the pitch in this season, with the club failing to pay players on time on several different times, including in last month.

"Clearly Sheffield Wednesday has been a major concern for the league and a major challenge for the sport," the chairman stated.

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

"We're now looking to get powers... which will enable us to take Sheffield Wednesday - and other clubs referred to us if they warrant scrutiny and acted upon."

Financial Struggles and Ownership Situation

Wednesday's embattled owner the Thai businessman stated during the off-season he would be open to selling the club at their home ground, but he has failed to complete a sale with prospective buyers.

Failure to pay player wages on time in March and May led to sanctions by the league officials in mid-year, blocking the team from conducting any transfers or loans for the subsequent signing windows, although the ban was rescinded in August.

Authority's Position

The regulator explained: "Our role exists to serve the Owls followers, other clubs in similar situations where supporters are loyal to a regional establishment that has represented their community in multiple situations.

"I have absolute sympathy for the club's situation, as I do for every team that since 1992 have gone to the wall, or nearly ceased operations, for causes separate from the followers."

When asked if the authority might compel an chairman to relinquish a club if they are judged inappropriate, the chairman responded: "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 Kogan stressed that forcing owners to sell clubs would be treated as a "last resort" and the regulator would prefer to work with them.

"Our least desirable course of action is commence engagement with an individual club, an individual owner, without having the opportunity to collaborate with that chairman to fix the challenges confronting the team and the chairman's encountering," Kogan said.

"But the truth is, when you look back over the history of football, over the last 20 or 30 years there have been some owners, few in number, but some who have been irresponsible in the manner they have operated their teams and eventually decline to assume obligation for the coming years."

'Mistakes could erase significant advances'

The regulator engaged representatives from 110 clubs to explain the responsibilities of the oversight body this week and insisted it was a "progressive gathering" with a "significant participation" from the National League to the Premier League.

"This position carries substantial significance, because should mistakes occur, if the world of football gets it wrong, the extraordinary progress that's been made could disappear incredibly quickly," the chairman stated.

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

"There's an enormous amount of money flowing into the game and has been channeled for the recent generations, because certainty is lacking it will keep flowing into the sport, which is among the factors explaining I think we have to take a really clear view on challenges and obviously, of the immediate future."

Premier League Concerns

Elite division representatives objected to 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 prosperity and expansion as an economic entity of the Premier League.

"I of all people understand the apprehension regarding damaging the top flight as an elite competition of the nation. But simultaneously, if you consult with top flight officials after today's meeting, they would have had a substantial amount of confidence -and, indeed, they have been informing us confidentially they have a high level of reassurance."

Political Connections

The chairman continues to confront a "thorough examination" by the Commissioner for Public Appointments after he acknowledged providing funds to the opposition group in 2020.

The 68-year-old provided financial support for Culture Secretary 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 official body endorsed my nomination," the chairman stated.

"I am presently disconnected from any sort of politics."