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Sheffield Wednesday's ongoing struggles represent a a "major concern" and the new football authority is aiming to acquire authority to examine team situations in similar circumstances, the newly appointed chairman the official has stated.

During an extensive discussion, Kogan, who was recently selected, showed understanding towards Wednesday's fanbase.

The regulator engaged with four supporter groups representing the Championship side recently.

The Championship side have been facing challenges both on and off the pitch in this season, with the club delaying salary disbursements on five separate occasions, including in the autumn.

"Evidently Wednesday represents a significant problem for EFL and a substantial concern for English football," Kogan told.

"The club represents one of the iconic names for English football and recently we have met Sheffield Wednesday supporters' groups.

"We are seeking authority... which will allow us to have Wednesday and comparable cases referred to us if they need to be investigated and dealt with."

Financial Struggles and Proprietorship Status

The team's struggling chairman the Thai businessman suggested earlier this year he would be open to selling the club at Hillsborough, but he has failed to complete a sale with interested parties.

Delayed salary payments on time in spring months led to sanctions by the league officials in mid-year, preventing the club from carrying out any recruitment activities for the next three transfer windows, although the ban was rescinded in the end of the transfer window.

Regulator's Perspective

The regulator explained: "The job [of the regulator] is there for the Owls followers, other clubs in similar situations where supporters are loyal to a local institution that has been part of their lives in multiple situations.

"I fully appreciate the club's situation, as I do for each organization that in modern times have encountered failure, or approached financial ruin, for factors unrelated to the followers."

When asked if the regulator could force an chairman to relinquish a club if they are judged inappropriate, the regulator answered: "If your question is 'would we intervene in the final instance?', the reply is once we assemble the facts and comprehend the circumstances, we will."

But Kogan stressed that compelling proprietors to divest clubs would be considered the final option and the regulator would prefer to cooperate with proprietors.

"The final option we would consider is commence engagement with an individual club, an particular chairman, without being in a position to cooperate with that owner to try and resolve the issues that the club's facing and the chairman's encountering," the regulator explained.

"In actuality, when you examine the past of the game, over the past few decades there have been certain proprietors, few in number, 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."

'Mistakes could erase significant advances'

Kogan met with representatives from 110 clubs to detail the scope of the oversight body this week and insisted it was a "proactive meeting" with a "substantial involvement" from the lower divisions to the top flight.

"The role holds considerable importance, because should mistakes occur, if the football community fails, the remarkable development accomplished might evaporate incredibly quickly," the regulator warned.

"This represents everyone's worst fear in the realm of domestic 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 recent generations, because there's no guarantee it will persist in entering the game, which is one of the reasons why I think we have to take a really clear view on risk and of course, of the coming seasons."

Premier League Concerns

Top flight officials resisted the establishment of an oversight body because of fears of a negative impact on the Premier League's sporting equality, but the chairman responded: "I fully support the success and growth as an economic entity of the elite league.

"I of all people understand the apprehension regarding damaging the Premier League as a premium product of this country. But at the same time, if you consult with top flight officials after this week's discussion, they would have had a substantial amount of confidence -and, in fact, they have been informing us confidentially they have a considerable comfort."

Partisan Associations

Kogan is still facing a "thorough examination" by the Commissioner for Public Appointments after he disclosed making donations to the political party in the past.

The chairman 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 previous political affiliation [with Labour], and that party membership ceased the day the select committee approved my appointment," the regulator explained.

"I am no longer involved in any form of political activity."