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The Championship club's ongoing struggles represent a a "major concern" and the independent regulator is aiming to acquire authority to examine team situations in comparable cases, the newly appointed chairman the official has stated.

In a wide-ranging interview, the chairman, who was appointed on Monday, expressed "sympathy" towards Wednesday's fanbase.

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

The team have been experiencing difficulties in multiple areas in the current year, with the club delaying salary disbursements on several different times, including in the autumn.

"Evidently Wednesday represents a significant problem for EFL and a major challenge for the sport," the chairman stated.

"Sheffield Wednesday is one of the great brands for English football 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 referred to us if they require examination and addressed."

Monetary Issues and Proprietorship Status

Wednesday's embattled owner Dejphon Chansiri stated during the off-season he would be prepared to relinquish control at the stadium, but he has been unable to finalize an agreement with potential new owners.

Delayed salary payments on time in earlier this year led to sanctions by the English Football League (EFL) in summer, blocking the team from conducting any player acquisitions for the subsequent signing windows, although that restriction was lifted in August.

Official's Viewpoint

Kogan said: "The job [of the regulator] is there for the fans of Sheffield Wednesday, Bury or any football club where people are committed to a regional establishment that has represented their community in multiple situations.

"I have absolute sympathy for Sheffield Wednesday, 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."

When asked if the regulator could force an owner to sell a club if they are judged inappropriate, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the response would be once we collect the information and understand the situation, we will."

But the chairman emphasized that compelling proprietors to divest clubs would be viewed as the ultimate measure and the authority would rather to collaborate with owners.

"The last thing what we want to do is commence engagement with an particular organization, an particular chairman, without being able to work with that proprietor to address the issues that the club's facing and the owner's facing," the regulator explained.

"However, realistically, when you examine the past of the game, over the last 20 or 30 years there have been particular chairmen, not many, but particular people who have shown negligence in the manner they have operated their organizations and finally decline to assume obligation for the long-term prospects."

'Mistakes could erase significant advances'

The regulator engaged representatives from 110 clubs to lay out the remit of the authority recently and stated it constituted a "progressive gathering" with a "high level of engagement" from the grassroots to elite level.

"It's a job that's actually really important, because if we get it wrong, if the sport makes errors, the significant advances achieved could disappear rapidly," the chairman stated.

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

"There's an enormous amount of money flowing into the game and has been channeled for the last 20 or 25 years, because there are no assurances it will continue to come into football, which is part of the rationale behind I think we have to maintain a focused outlook on potential dangers and naturally, of the coming seasons."

Top Flight Apprehensions

Elite division representatives objected to the formation of an authority because of fears of a negative impact on the top-flight's competitiveness, but Kogan said: "I completely endorse the prosperity and expansion as an commercial operation of the Premier League.

"Being fully aware of the worry about compromising the Premier League as a premium product of England. But simultaneously, if you consult with top flight officials after the recent gathering, they would have had a high level of reassurance -and, indeed, they have been advising us privately they have a considerable comfort."

Political Connections

Kogan is still facing a "full inquiry" by the Commissioner for Public Appointments after he revealed he contributed money to the opposition group in the past.

The 68-year-old contributed funds to government minister the politician's campaign, along with that of the current Prime Minister.

"I have been entirely transparent regarding my previous political affiliation [with Labour], and that party membership ceased the day the parliamentary committee confirmed my selection," Kogan said.

"I am no longer involved in any type of partisan engagement."