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The Championship club's persistent issues represent a a "serious issue" and the new football authority is aiming to acquire authority to look into club affairs in such situations, the recently named head the regulator has declared.

Through a comprehensive talk, Kogan, who was appointed on Monday, voiced concern towards supporters of the Owls.

The chairman convened with four supporters' associations representing the football team this week.

The football club have been struggling on and off the field in the current year, with the club delaying salary disbursements on five separate occasions, including in September.

"Obviously the club has become a serious issue for football authorities and a major challenge for the sport," Kogan told.

"Wednesday stands as one of the great brands for football in England and this week we have met Sheffield Wednesday supporters' groups.

"Our aim is to acquire the ability... which will permit us to bring Sheffield Wednesday - and other clubs submitted for our review if they need to be investigated and acted upon."

Monetary Issues and Ownership Situation

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

Failure to pay player wages on time in March and May resulted in restrictions being imposed by the football authorities in mid-year, stopping Wednesday from completing any transfers or loans for the next three transfer windows, although the ban was rescinded in late summer.

Authority's Position

Kogan said: "The job [of the regulator] is there for the Owls followers, Bury or any football club where supporters are loyal to a local institution that has represented their community in many cases.

"I fully appreciate Sheffield Wednesday, as I do for every team that since 1992 have gone to the wall, or approached financial ruin, for factors unrelated to the supporters."

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

But the regulator clarified that requiring chairmen to relinquish clubs would be viewed as the ultimate measure and the regulator would prefer to work with them.

"Our least desirable course of action is begin intervening in an individual club, an individual owner, without being able to work with that owner to try and resolve the challenges confronting the team and the owner's facing," the chairman stated.

"But the truth is, when you examine the past of the game, over the past few decades there have been particular chairmen, few in number, but particular people who have shown negligence in the manner they have operated their clubs and ultimately don't wish to take responsibility for the long-term prospects."

'If we get it wrong, extraordinary progress vanishes'

The regulator engaged officials from numerous teams to lay out the remit of the oversight body this week and insisted it was a "progressive gathering" with a "substantial involvement" from the National League to the Premier League.

"It's a job that's actually really important, because if errors are made, if the football community fails, the significant advances achieved might evaporate swiftly," the chairman stated.

"Such an outcome is universally undesirable in the context of the English game is a substantial accomplishment - we need to continue the progress.

"Considerable investment flowing into the game and has been invested for the past two decades, because certainty is lacking it will persist in entering the game, which is among the factors explaining I think we have to maintain a focused outlook on challenges and obviously, of the next two or three years."

Top Flight Apprehensions

Top flight officials resisted the establishment of an oversight body because of fears of a negative impact on the top-flight's competitiveness, but the regulator stated: "I fully support the prosperity and expansion as an economic entity of the Premier League.

"As someone who appreciates the worry about compromising the top flight as an elite competition of the nation. But concurrently, if you consult with top flight officials after the recent gathering, they would have had a significant degree of comfort -and, in fact, they have been informing us confidentially they have a significant confidence."

Ideological Links

The regulator remains subject to a "thorough examination" by the official appointments authority after he revealed he contributed money to the opposition group in the past.

The official provided financial support for Culture Secretary Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.

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

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