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Sheffield Wednesday's persistent issues represent a a "significant problem" and the independent regulator is looking to gain the ability to investigate clubs in comparable cases, the recently named head the regulator has stated.

In a wide-ranging interview, the chairman, who was recently selected, expressed "sympathy" towards supporters of the Owls.

The chairman convened with four supporters' associations representing the Championship side recently.

The Championship side have been struggling on and off the field in this season, with the club delaying salary disbursements on several different times, including in the autumn.

"Clearly Sheffield Wednesday has been a significant problem for EFL and a significant problem for football," the regulator explained.

"Wednesday stands as one of the great brands for the English game and recently we have met fan representatives.

"We are seeking authority... which will enable us to take Wednesday and comparable cases submitted for our review if they need to be investigated and dealt with."

Monetary Issues and Leadership Concerns

Wednesday's embattled owner the current owner stated during the off-season he would be prepared to relinquish control at the stadium, but he has failed to complete a sale with prospective buyers.

Delayed salary payments on time in earlier this year caused limitations by the English Football League (EFL) in June, preventing the club from carrying out any transfers or loans for the following recruitment periods, although that restriction was lifted in August.

Official's Viewpoint

Kogan said: "The position was created for the fans of Sheffield Wednesday, other clubs in similar situations where people are committed to a regional establishment that has represented their community in numerous instances.

"I fully appreciate the team's plight, as I do for each organization that in modern times have encountered failure, or approached financial ruin, for factors unrelated to the followers."

Questioned about whether the oversight body could require 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 response would be once we assemble the facts 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 cooperate with proprietors.

"The final option we would consider is commence engagement with an specific team, an particular chairman, without having the opportunity to collaborate with that proprietor to address the issues that the club's facing and the owner's facing," the regulator explained.

"But the truth is, when you examine the past of the game, over the recent generations there have been certain proprietors, not many, but particular people who have shown negligence in the approach they have taken toward their teams and eventually don't wish to take responsibility for the future."

'Mistakes could erase significant advances'

Kogan met with officials from numerous teams to explain the responsibilities 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.

"The role holds considerable importance, because if we get it wrong, if the world of football gets it wrong, the extraordinary progress that's been made could disappear incredibly quickly," the chairman stated.

"This represents everyone's worst fear in the terms of English football is a huge success story - we need to continue the progress.

"There's an enormous amount of money entering the sport and has been channeled 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 take a really clear view on challenges and obviously, of the immediate future."

Premier League Concerns

Elite division representatives objected to the establishment of an oversight body because of fears of a negative impact on the elite division's competitive balance, but Kogan said: "I fully support the prosperity and expansion as an economic entity of the Premier League.

"As someone who appreciates the concern of undermining the Premier League as a premium product of the nation. But at the same time, if you consult with top flight officials after this week's discussion, they would have had a significant degree of comfort -and, in fact, they have been informing us confidentially they have a considerable comfort."

Ideological Links

The chairman continues to confront a "comprehensive investigation" by the official appointments authority after he disclosed making donations to the opposition group in recent years.

The 68-year-old provided financial support for government minister the minister's leadership bid, along with that of the current Prime Minister.

"I have been entirely transparent regarding my past party membership [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," the regulator explained.

"I currently have no participation in any sort of politics."