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Sheffield Wednesday's current difficulties constitute a "serious issue" and the new football authority is seeking powers to look into club affairs in comparable cases, the recently named head the regulator has stated.

In a wide-ranging interview, the chairman, who was named to the position this week, voiced concern towards Wednesday's fanbase.

The chairman convened with four supporters' associations associated with the South Yorkshire club this week.

The football club 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 September.

"Obviously the club has become a significant problem for EFL and a significant problem for football," Kogan told.

"Wednesday stands as one of the great brands for English football and in recent days we have met supporters' organizations.

"Our aim is to acquire the ability... which will allow us to have the club and similar situations referred to us if they need to be investigated and acted upon."

Economic Challenges and Leadership Concerns

The club's controversial proprietor the current owner stated during the off-season he would be prepared to relinquish control at the stadium, but he has not been able to secure a deal with prospective buyers.

Delayed salary payments on time in spring months caused limitations by the English Football League (EFL) in June, blocking the team from conducting any recruitment activities for the following recruitment periods, although that restriction was lifted in August.

Official's Viewpoint

The regulator explained: "Our role exists to serve the supporters of Wednesday, other clubs in similar situations where supporters are loyal to a regional establishment that has existed throughout their lifetimes in multiple situations.

"I fully appreciate the team's plight, as I do for all the clubs that since 1992 have gone to the wall, or been close to going to the wall, for causes separate from the followers."

Inquired if the authority might compel an owner to sell a club if they are considered unfit, the regulator answered: "Should the inquiry concern '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 considered the final option and the oversight body would choose to work with them.

"Our least desirable course of action is start getting involved with an individual club, an individual owner, without having the opportunity to collaborate with that chairman to fix the challenges confronting the team and the chairman's encountering," the regulator explained.

"But the truth is, when you review the record of football, over the recent generations there have been some owners, few in number, but particular people who have shown negligence in the approach they have taken toward their clubs and ultimately don't wish to take responsibility for the future."

'If we get it wrong, extraordinary progress vanishes'

Kogan met with representatives from 110 clubs to lay out the remit of the oversight body this week and stated it constituted a "progressive gathering" with a "significant participation" from the grassroots to elite level.

"The role holds considerable importance, because should mistakes occur, if the sport makes errors, the remarkable development accomplished necessary will vanish swiftly," the chairman stated.

"And that's what nobody wants in the terms of English football is a huge success story - we've got to keep it going.

"Considerable investment entering the sport and has been channeled 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 take a really clear view on challenges and obviously, of the immediate future."

Elite Division Worries

Top flight officials resisted the formation of an authority because of concerns about detrimental effects on the top-flight's competitiveness, but the regulator stated: "I completely endorse the achievement and development as an economic entity of the elite league.

"I of all people understand the apprehension regarding damaging the division as a high-quality offering of the nation. But simultaneously, if you consult with top flight officials after today's meeting, they would have had a substantial amount of confidence -and, in fact, they have been telling us in private they have a high level of reassurance."

Ideological Links

The regulator remains subject to a "full inquiry" by the public appointments commissioner after he disclosed making donations to the political party in the past.

The official provided financial support for Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the government leader.

"I've been completely open about my previous political affiliation [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," the regulator explained.

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