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Sheffield Wednesday's current difficulties represent a a "serious issue" and the independent regulator is seeking powers to look into club affairs in such situations, the recently named head the official has declared.

Through a comprehensive talk, the regulator, who was named to the position this week, expressed "sympathy" towards Wednesday's fanbase.

The chairman convened with four supporter groups connected to the Championship side in recent days.

The team have been struggling on and off the field in this season, with the club delaying salary disbursements on multiple instances, including in the autumn.

"Clearly Sheffield Wednesday has been a major concern for the league and a significant problem for football," the chairman stated.

"Sheffield Wednesday is one of the historic institutions for football in England and in recent days we have met fan representatives.

"Our aim is to acquire the ability... which will allow us to have Wednesday and comparable cases referred to us if they need to be investigated and acted upon."

Financial Struggles and Proprietorship Status

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

Delayed salary payments on time in spring months led to sanctions by the English Football League (EFL) in mid-year, blocking the team from conducting any transfers or loans for the next three transfer windows, although that restriction was lifted in the end of the transfer window.

Official's Viewpoint

The chairman stated: "Our role exists to serve the Owls followers, Bury or any football club where supporters are loyal to a regional establishment that has been part of their lives in multiple situations.

"I have absolute sympathy for Sheffield Wednesday, as I do for each organization 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 authority might compel an proprietor to divest a club if they are judged inappropriate, the chairman responded: "Should the inquiry concern 'would we intervene in the final instance?', the answer is once we gather the evidence and understand the situation, we will."

But Kogan stressed that forcing owners to sell clubs would be viewed as the ultimate measure and the authority would rather to collaborate with owners.

"The last thing what we want to do is begin intervening in an particular organization, an specific proprietor, 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.

"However, realistically, when you look back over the history of football, over the recent generations there have been certain proprietors, not many, but particular people who have shown negligence in the way which they've been managing their organizations and finally refuse to accept accountability for the coming years."

'If we get it wrong, extraordinary progress vanishes'

Kogan met with delegates from multiple organizations to lay out the remit of the authority recently and maintained it represented a "progressive gathering" with a "significant participation" from the grassroots to elite level.

"The role holds considerable importance, because if errors are made, if the football community fails, the extraordinary progress that's been made might evaporate rapidly," Kogan said.

"And that's what nobody wants in the terms of English football is a huge success story - we need to continue the progress.

"There's an enormous amount of money coming into football and has come into football for the last 20 or 25 years, because there's no guarantee it will persist in entering the game, which is one of the reasons why I think we have to adopt a precise perspective on challenges and obviously, of the coming seasons."

Elite Division Worries

Top flight officials resisted the formation of an authority because of concerns about detrimental effects on the elite division's competitive balance, but Kogan said: "I completely endorse the prosperity and expansion as an economic entity of the top division.

"I of all people understand the worry about compromising the division as a high-quality offering of England. But at the same time, if you talk to the Premier League after today's meeting, they would have had a high level of reassurance -and, indeed, they have been informing us confidentially they have a considerable comfort."

Political Connections

The regulator remains subject to a "full inquiry" by the Commissioner for Public Appointments after he acknowledged providing funds to the opposition group in recent years.

The official provided financial support for Culture Secretary the politician's campaign, along with that of the current Prime Minister.

"I have been entirely transparent regarding my former ideological connection [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," Kogan said.

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