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The Championship club's ongoing struggles are seen as a "major concern" and the football regulator is looking to gain the ability to investigate clubs in such situations, the newly appointed chairman the official has declared.

Through a comprehensive talk, the chairman, who was recently selected, voiced concern towards supporters of the Owls.

The chairman convened with four supporter groups associated with the Championship side this week.

The team have been facing challenges both on and off the pitch in this season, with the club delaying salary disbursements on five separate occasions, including in the autumn.

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

"The club represents one of the great brands for the English game and this week we have met supporters' organizations.

"We're now looking to get powers... which will enable us to take the club and similar situations submitted for our review if they need to be investigated and addressed."

Financial Struggles and Proprietorship Status

The team's struggling chairman the Thai businessman suggested earlier this year he would be willing to sell up at Hillsborough, but he has failed to complete a sale with potential new owners.

Missed wage deadlines on time in earlier this year resulted in restrictions being imposed by the English Football League (EFL) in June, stopping Wednesday from completing any player acquisitions for the following recruitment periods, although the ban was rescinded in the end of the transfer window.

Official's Viewpoint

The regulator explained: "The job [of the regulator] is there for the supporters of Wednesday, teams facing challenges where people are committed to a community organization that has been part of their lives in numerous instances.

"I have absolute sympathy for the team's plight, as I do for all the clubs that since 1992 have gone to the wall, or nearly ceased operations, for causes separate from the fans themselves."

Inquired if the authority might compel an owner to sell a club if they are deemed unsuitable, the regulator answered: "Should the inquiry concern 'would we intervene in the final instance?', the answer is once we gather the evidence and know what's going on, we will."

But the chairman emphasized that forcing owners to sell clubs would be viewed as the ultimate measure and the regulator would prefer to cooperate with proprietors.

"The final option we would consider is commence engagement with an specific team, an particular chairman, without being able to work with that owner to try and resolve the challenges confronting the team and the proprietor's dealing with," the regulator explained.

"But the truth is, when you review the record of the sport, over the past few decades there have been particular chairmen, a small minority, but particular people who have shown negligence in the way which they've been managing their teams and eventually don't wish to take responsibility for the long-term prospects."

'Mistakes could erase significant advances'

Kogan met with delegates from multiple organizations to detail the scope of the authority recently and insisted it was a "proactive meeting" with a "substantial involvement" from the lower divisions to the top flight.

"The role holds considerable importance, because if we get it wrong, if the football community fails, the remarkable development accomplished might evaporate swiftly," the regulator warned.

"Such an outcome is universally undesirable in the terms of English football is a substantial accomplishment - we've got to keep it going.

"Substantial financial resources coming into football and has been channeled for the past two decades, because certainty is lacking it will continue to come into football, which is one of the reasons why I think we have to adopt a precise perspective on risk and of course, of the immediate future."

Elite Division Worries

The Premier League opposed the formation of an authority because of fears of a negative impact on the top-flight's competitiveness, but the chairman responded: "I completely endorse the success and growth as an economic entity of the elite league.

"I of all people understand the apprehension regarding damaging the Premier League as a premium product of the nation. But simultaneously, if you consult with top flight officials after this week's discussion, they would have had a substantial amount of confidence -and, in fact, they have been informing us confidentially they have a high level of reassurance."

Ideological Links

The chairman continues to confront a "full inquiry" by the Commissioner for Public Appointments after he revealed he contributed money to the Labour Party in recent years.

The official donated money to Culture Secretary Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.

"I have been entirely transparent regarding my past party membership [with Labour], and that party membership ceased the day the parliamentary committee confirmed my selection," the regulator explained.

"I am presently disconnected from any form of political activity."