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Sheffield Wednesday's ongoing struggles represent a a "significant problem" and the new football authority is seeking powers to look into club affairs in similar circumstances, the recently named head David Kogan has declared.

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

Kogan met with four supporter groups connected to the football team this week.

The Championship side have been experiencing difficulties in multiple areas in the current year, with the club failing to pay players on time on five separate occasions, including in last month.

"Evidently Wednesday represents a major concern for the league and a significant problem for football," the regulator explained.

"Sheffield Wednesday is one of the great brands for football in England and recently we have met Sheffield Wednesday supporters' groups.

"Our aim is to acquire the ability... which will enable us to take Wednesday and comparable cases brought to our attention if they require examination and addressed."

Economic Challenges and Ownership Situation

Wednesday's embattled owner the current owner stated during the off-season he would be open to selling the club at the stadium, but he has not been able to secure a deal with interested parties.

Delayed salary payments on time in March and May led to sanctions by the English Football League (EFL) in mid-year, stopping Wednesday from completing any player acquisitions for the subsequent signing windows, although the ban was rescinded in the end of the transfer window.

Regulator's Perspective

Kogan said: "Our role exists to serve the fans of Sheffield Wednesday, other clubs in similar situations where supporters are loyal to a regional establishment that has been part of their lives in multiple situations.

"I completely understand the club's situation, as I do for every team that since 1992 have gone to the wall, or been close to going to the wall, for factors unrelated to the fans themselves."

Questioned about whether the regulator could force an chairman to relinquish a club if they are judged inappropriate, the chairman responded: "Should the inquiry concern 'would we intervene in the final instance?', the answer is once we gather the evidence and understand the situation, we will."

But Kogan stressed that forcing owners to sell clubs would be considered the final option and the authority would rather to collaborate with owners.

"Our least desirable course of action is start getting involved with an specific team, an individual owner, without being able to work with that chairman to fix the challenges confronting the team and the owner's facing," the chairman stated.

"In actuality, when you review the record of the sport, over the last 20 or 30 years there have been particular chairmen, few in number, but certain individuals who have acted carelessly in the way which they've been managing their teams and eventually don't wish to take responsibility for the coming years."

'If we get it wrong, extraordinary progress vanishes'

The chairman convened with officials from numerous teams to detail the scope of the authority recently and stated it constituted a "proactive meeting" with a "substantial involvement" from the National League to the Premier League.

"It's a job that's actually really important, because should mistakes occur, if the sport makes errors, the extraordinary progress that's been made necessary will vanish rapidly," Kogan said.

"This represents everyone's worst fear in the terms of English football is a huge success story - we've got to keep it going.

"Considerable investment coming into football and has been invested for the last 20 or 25 years, because there's no guarantee it will keep flowing into the sport, which is part of the rationale behind I think we have to adopt a precise perspective on potential dangers and naturally, of the next two or three years."

Top Flight Apprehensions

The Premier League opposed the formation of an authority because of apprehensions regarding adverse consequences on the Premier League's sporting equality, but the chairman responded: "I'm absolutely committed to the success and growth as an economic entity of the elite league.

"I of all people understand the concern of undermining the top flight as an elite competition of this country. But concurrently, if you talk to the Premier League after today's meeting, they would have had a high level of reassurance -and, in fact, they have been informing us confidentially they have a considerable comfort."

Ideological Links

Kogan is still facing a "full inquiry" by the official appointments authority after he acknowledged providing funds to the political party in 2020.

The 68-year-old contributed funds to Secretary of State for Culture, Media and Sport the politician's campaign, along with that of the now Prime Minister Sir Keir Starmer.

"I have fully disclosed my past party membership [with Labour], and that party membership ceased the day the parliamentary committee confirmed my selection," Kogan said.

"I currently have no participation in any type of partisan engagement."