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Sheffield Wednesday's current difficulties are seen as a "major concern" and the independent regulator is looking to gain the ability to investigate clubs in comparable cases, its new chair the regulator has declared.

During an extensive discussion, the chairman, who was appointed on Monday, showed understanding towards the club's followers.

Kogan met with four supporter groups connected to the South Yorkshire club in recent days.

The team have been facing challenges both on and off the pitch in the current year, with the club delaying salary disbursements on multiple instances, including in last month.

"Clearly Sheffield Wednesday has been a serious issue for football authorities and a substantial concern for English football," Kogan told.

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

"We're now looking to get powers... which will permit us to bring Sheffield Wednesday - and other clubs brought to our attention if they need to be investigated and acted upon."

Monetary Issues and Leadership Concerns

The club's controversial proprietor the Thai businessman suggested earlier this year he would be prepared to relinquish control at their home ground, but he has failed to complete a sale with potential new owners.

Missed wage deadlines on time in spring months led to sanctions by the football authorities in mid-year, stopping Wednesday from completing any transfers or loans for the subsequent signing windows, although the ban was rescinded in August.

Official's Viewpoint

The regulator explained: "The position was created for the fans of Sheffield Wednesday, teams facing challenges where fans are dedicated to a regional establishment that has existed throughout their lifetimes in many cases.

"I completely understand Sheffield Wednesday, as I do for each organization that since 1992 have gone to the wall, or nearly ceased operations, for causes separate from the supporters."

Questioned about whether the oversight body could require an owner to sell a club if they are judged inappropriate, the chairman responded: "If your question is 'would we intervene in the final instance?', the response would be once we assemble the facts and know what's going on, we will."

But the regulator clarified that forcing owners to sell clubs would be treated as a "last resort" and the regulator would prefer to cooperate with proprietors.

"Our least desirable course of action is begin intervening in an individual club, an specific proprietor, without being in a position to cooperate with that owner to try and resolve the issues that the club's facing and the owner's facing," Kogan said.

"In actuality, when you look back over the history of football, over the last 20 or 30 years there have been certain proprietors, not many, but some who have been irresponsible in the manner they have operated their clubs and ultimately decline to assume obligation for the coming years."

'If we get it wrong, extraordinary progress vanishes'

Kogan met with officials from numerous teams to explain the responsibilities of the regulator on Wednesday and stated it constituted a "proactive meeting" with a "high level of engagement" from the grassroots to elite level.

"The role holds considerable importance, because if errors are made, if the world of football gets it wrong, the significant advances achieved might evaporate swiftly," Kogan said.

"This represents everyone's worst fear in the realm of domestic football is a substantial accomplishment - we've got to keep it going.

"Substantial financial resources entering the sport and has come into football for the past two decades, because there's no guarantee it will persist in entering the game, which is among the factors explaining I think we have to adopt a precise perspective on potential dangers and naturally, of the next two or three years."

Elite Division Worries

Top flight officials resisted the establishment of an oversight body because of apprehensions regarding adverse consequences on the elite division's competitive balance, but the regulator stated: "I completely endorse the success and growth as an commercial operation of the elite league.

"Being fully aware of the concern of undermining the Premier League as a premium product of this country. But simultaneously, if you talk to the Premier League after today's meeting, they would have had a substantial amount of confidence -and, indeed, they have been advising us privately they have a considerable comfort."

Ideological Links

Kogan is still facing a "comprehensive investigation" by the Commissioner for Public Appointments after he acknowledged providing funds to the political party in the past.

The official donated money to government minister the minister's leadership bid, along with that of the government leader.

"I have been entirely transparent regarding my former ideological connection [with Labour], and that party membership ceased the day the official body endorsed my nomination," the regulator explained.

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