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Sheffield Wednesday's persistent issues constitute a "significant problem" and the football regulator is aiming to acquire authority to investigate clubs in such situations, the newly appointed chairman the official has stated.

In a wide-ranging interview, Kogan, who was named to the position this week, showed understanding towards Wednesday's fanbase.

Kogan met with four fan organizations connected to the Championship side in recent days.

The team have been experiencing difficulties in multiple areas in the current year, with the club missing wage payments on multiple instances, including in September.

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

"Wednesday stands as one of the iconic names for football in England and this week we have met fan representatives.

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

Financial Struggles and Ownership Situation

Wednesday's embattled owner the current owner indicated in the summer he would be prepared to relinquish control at the stadium, but he has failed to complete a sale with potential new owners.

Delayed salary payments on time in earlier this year caused limitations by the league officials in summer, preventing the club from carrying out any recruitment activities for the subsequent signing windows, although those limitations were removed in August.

Regulator's Perspective

Kogan said: "The position was created for the supporters of Wednesday, teams facing challenges where supporters are loyal to a local institution that has existed throughout their lifetimes in many cases.

"I completely understand the team's plight, as I do for each organization that over recent decades have faced collapse, or nearly ceased operations, for factors unrelated to the supporters."

Questioned about whether the regulator could force an chairman to relinquish a club if they are judged inappropriate, the chairman responded: "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 the regulator clarified that compelling proprietors to divest clubs would be considered the final option and the regulator would prefer to collaborate with owners.

"The final option we would consider is start getting involved with an particular organization, an individual owner, without being in a position to cooperate with that owner to try and resolve the issues that the club's facing and the proprietor's dealing with," the regulator explained.

"But the truth is, when you examine the past of the sport, over the last 20 or 30 years there have been particular chairmen, a small minority, but particular people who have shown negligence in the approach they have taken toward their organizations and finally decline to assume obligation for the long-term prospects."

'If we get it wrong, extraordinary progress vanishes'

Kogan met with delegates from multiple organizations to detail the scope of the oversight body this week and insisted it was a "forward-thinking discussion" with a "high level of engagement" from the grassroots to elite level.

"It's a job that's actually really important, because should mistakes occur, if the football community fails, the extraordinary progress that's been made necessary will vanish swiftly," the chairman stated.

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

"Considerable investment flowing into the game and has been invested for the past two decades, because there's no guarantee it will keep flowing into the sport, which is among the factors explaining I think we have to maintain a focused outlook on potential dangers and naturally, of the coming seasons."

Premier League Concerns

The Premier League opposed the creation of a regulator because of fears of a negative impact on the elite division's competitive balance, but the regulator stated: "I completely endorse the achievement and development as an commercial operation of the elite league.

"As someone who appreciates the apprehension regarding damaging the Premier League as a premium product of this country. But simultaneously, if you talk to the Premier League after the recent gathering, they would have had a significant degree of comfort -and, actually, they have been telling us in private they have a considerable comfort."

Partisan Associations

The regulator remains subject to a "comprehensive investigation" by the public appointments commissioner after he acknowledged providing funds to the Labour Party in 2020.

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

"I've been completely open about my past party membership [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the regulator explained.

"I am presently disconnected from any type of partisan engagement."