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Sheffield Wednesday's persistent issues are seen as a "significant problem" and the independent regulator is looking to gain the ability to examine team situations in similar circumstances, the recently named head David Kogan has stated.

In a wide-ranging interview, Kogan, who was appointed on Monday, showed understanding towards supporters of the Owls.

Kogan met with four supporters' associations associated with the football team this week.

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

"Obviously the club has become a significant problem for EFL and a significant problem for football," the chairman stated.

"Sheffield Wednesday is one of the historic institutions for the English game and in recent days we have met supporters' organizations.

"Our aim is to acquire the ability... which will allow us to have Wednesday and comparable cases submitted for our review if they warrant scrutiny and addressed."

Monetary Issues and Leadership Concerns

Wednesday's embattled owner the Thai businessman indicated in the summer he would be willing to sell up at Hillsborough, but he has not been able to secure a deal with prospective buyers.

Missed wage deadlines on time in March and May led to sanctions by the league officials in June, blocking the team from conducting any transfers or loans for the following recruitment periods, although those limitations were removed in August.

Authority's Position

The regulator explained: "The job [of the regulator] is there for the supporters of Wednesday, teams facing challenges where fans are dedicated to a community organization that has represented their community in multiple situations.

"I fully appreciate Sheffield Wednesday, as I do for all the clubs that since 1992 have gone to the wall, or nearly ceased operations, for causes separate from the supporters."

Inquired if the authority might compel an proprietor to divest a club if they are judged inappropriate, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the response would be once we gather the evidence and comprehend the circumstances, we will."

But the chairman emphasized that requiring chairmen to relinquish clubs would be viewed as the ultimate measure and the authority would rather to work with them.

"The last thing what we want to do is commence engagement with an particular organization, an individual owner, without being in a position to cooperate with that owner to try and resolve the challenges confronting the team and the proprietor's dealing with," the chairman stated.

"However, realistically, when you examine the past of the sport, over the last 20 or 30 years there have been some owners, few in number, but some who have been irresponsible in the approach they have taken toward their organizations and finally decline to assume obligation for the long-term prospects."

'Errors may undo substantial development'

The chairman convened with delegates from multiple organizations to detail the scope of the authority recently and stated it constituted a "progressive gathering" with a "high level of engagement" from the National League to the Premier League.

"It's a job that's actually really important, because if we get it wrong, if the football community fails, the significant advances achieved might evaporate incredibly quickly," Kogan said.

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

"Considerable investment flowing into the game and has come into football for the past two decades, because there are no assurances 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."

Premier League Concerns

Top flight officials resisted the establishment of an oversight body because of apprehensions regarding adverse consequences on the top-flight's competitiveness, but the chairman responded: "I completely endorse the achievement and development as an financial organization 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 talk to the Premier League after today's meeting, they would have had a significant degree of comfort -and, indeed, they have been telling us in private they have a high level of reassurance."

Partisan Associations

The chairman continues to confront a "comprehensive investigation" by the official appointments authority after he revealed he contributed money to the political party in recent years.

The chairman provided financial support for government minister Lisa Nandy's leadership campaign, along with that of the government leader.

"I have fully disclosed my past party membership [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."