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Sheffield Wednesday's persistent issues represent a a "serious issue" and the independent regulator is aiming to acquire authority to look into club affairs in similar circumstances, the recently named head the official has stated.

In a wide-ranging interview, the regulator, who was appointed on Monday, expressed "sympathy" towards supporters of the Owls.

Kogan met with four fan organizations representing the football team in recent days.

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

"Clearly Sheffield Wednesday has been a significant problem for EFL and a major challenge for the sport," the chairman stated.

"Sheffield Wednesday is one of the iconic names for English football and in recent days we have met fan representatives.

"Our aim is to acquire the ability... which will permit us to bring Wednesday and comparable cases submitted for our review if they need to be investigated and dealt with."

Financial Struggles and Ownership Situation

The club's controversial proprietor Dejphon Chansiri stated during the off-season he would be open to selling the club at Hillsborough, but he has been unable to finalize an agreement with potential new owners.

Failure to pay player wages on time in earlier this year caused limitations by the football authorities in mid-year, preventing the club from carrying out any recruitment activities for the following recruitment periods, although those limitations were removed in late summer.

Authority's Position

Kogan said: "The position was created for the supporters of Wednesday, Bury or any football club where people are committed to a regional establishment that has represented their community in multiple situations.

"I fully appreciate the club's situation, as I do for all the clubs that over recent decades have faced collapse, or been close to going to the wall, for factors unrelated to the fans themselves."

Inquired if the regulator could force an owner to sell a club if they are deemed unsuitable, the chairman responded: "Should the inquiry concern 'would we intervene in the final instance?', the response would be once we assemble the facts and comprehend the circumstances, we will."

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

"Our least desirable course of action is start getting involved with an particular organization, an individual owner, without having the opportunity to collaborate with that proprietor to address the issues that the club's facing and the owner's facing," Kogan said.

"However, realistically, when you look back over the history of football, over the last 20 or 30 years there have been certain proprietors, not many, but particular people who have shown negligence in the way which they've been managing their clubs and ultimately don't wish to take responsibility for the coming years."

'Mistakes could erase significant advances'

The chairman convened with officials from numerous teams to detail the scope of the regulator on Wednesday and maintained it represented a "forward-thinking discussion" with a "high level of engagement" from the National League to the Premier League.

"It's a job that's actually really important, because should mistakes occur, if the world of football gets it wrong, the significant advances achieved necessary will vanish incredibly quickly," the regulator warned.

"Such an outcome is universally undesirable in the realm of domestic football is a major achievement - we've got to keep it going.

"There's an enormous amount of money flowing into the game and has been channeled for the past two decades, because there are no assurances it will persist in entering the game, which is part of the rationale behind I think we have to take a really clear view on risk and of course, of the next two or three years."

Top Flight Apprehensions

Elite division representatives objected to the creation of a regulator because of concerns about detrimental effects on the Premier League's sporting equality, but the regulator stated: "I fully support the prosperity and expansion as an commercial operation of the top division.

"Being fully aware of the concern of undermining the division as a high-quality offering of this country. But at the same time, if you engage with division representatives after today's meeting, they would have had a significant degree of comfort -and, indeed, they have been informing us confidentially they have a high level of reassurance."

Political Connections

The chairman continues to confront a "comprehensive investigation" by the public appointments commissioner after he acknowledged providing funds to the Labour Party in the past.

The official contributed funds to government minister the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.

"I have been entirely transparent regarding my former ideological connection [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," the chairman stated.

"I am no longer involved in any sort of politics."