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Sheffield Wednesday's persistent issues represent a a "major concern" and the football regulator is looking to gain the ability to investigate clubs in comparable cases, the recently named head David Kogan has declared.

In a wide-ranging interview, the regulator, who was recently selected, expressed "sympathy" towards the club's followers.

Kogan met with four supporters' associations associated with the Championship side this week.

The Championship side have been struggling on and off the field in the current year, with the club delaying salary disbursements on five separate occasions, including in last month.

"Clearly Sheffield Wednesday has been a major concern for the league and a substantial concern for English football," Kogan told.

"Sheffield Wednesday is one of the iconic names for English football and in recent days we have met Sheffield Wednesday supporters' groups.

"We're now looking to get powers... which will allow us to have Wednesday and comparable cases referred to us if they warrant scrutiny and dealt with."

Financial Struggles and Leadership Concerns

The team's struggling chairman Dejphon Chansiri suggested earlier this year he would be open to selling the club at the stadium, but he has been unable to finalize an agreement with prospective buyers.

Missed wage deadlines on time in March and May caused limitations by the English Football League (EFL) in June, preventing the club from carrying out any recruitment activities for the subsequent signing windows, although the ban was rescinded in August.

Authority's Position

The regulator explained: "The position was created for the fans of Sheffield Wednesday, other clubs in similar situations where supporters are loyal to a community organization that has existed throughout their lifetimes in many cases.

"I completely understand Sheffield Wednesday, as I do for each organization that over recent decades have faced collapse, or been close to going to the wall, for factors unrelated to the fans themselves."

When asked if the oversight body could require an owner to sell a club if they are considered unfit, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the response would be once we assemble the facts and comprehend the circumstances, we will."

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

"The last thing what we want to do is commence engagement with an specific team, an specific proprietor, without being in a position to cooperate with that chairman to fix the problems affecting the organization and the owner's facing," the regulator explained.

"But the truth is, when you examine the past of the game, over the past few decades there have been particular chairmen, a small minority, but certain individuals who have acted carelessly in the way which they've been managing their clubs and ultimately decline to assume obligation for the coming years."

'Errors may undo substantial development'

The chairman convened with officials from numerous teams to detail the scope of the oversight body this week and maintained it represented a "forward-thinking discussion" with a "substantial involvement" from the lower divisions to the top flight.

"This position carries substantial significance, because if errors are made, if the world of football gets it wrong, the remarkable development accomplished could disappear rapidly," Kogan said.

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

"Considerable investment entering the sport and has been channeled for the last 20 or 25 years, because certainty is lacking it will persist in entering the game, which is among the factors explaining I think we have to take a really clear view on challenges and obviously, of the next two or three years."

Premier League Concerns

Elite division representatives objected to the establishment of an oversight body because of apprehensions regarding adverse consequences on the elite division's competitive balance, but Kogan said: "I completely endorse the prosperity and expansion as an economic entity of the top division.

"As someone who appreciates the apprehension regarding damaging the Premier League as a premium product of England. But at the same time, if you consult with top flight officials after the recent gathering, they would have had a significant degree of comfort -and, actually, they have been telling us in private they have a high level of reassurance."

Ideological Links

The regulator remains subject to a "thorough examination" by the official appointments authority after he acknowledged providing funds to the political party in 2020.

The chairman donated money to Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the current Prime Minister.

"I have been entirely transparent regarding my former ideological connection [with Labour], and that party membership ceased the day the select committee approved my appointment," Kogan said.

"I am no longer involved in any sort of politics."