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Sheffield Wednesday's ongoing struggles constitute a "significant problem" and the football regulator is seeking powers to examine team situations in comparable cases, its new chair the regulator has declared.

Through a comprehensive talk, the chairman, who was recently selected, showed understanding towards the club's followers.

The regulator engaged with four supporter groups connected to the South Yorkshire club in recent days.

The team have been experiencing difficulties in multiple areas in this season, with the club missing wage payments on five separate occasions, including in last month.

"Evidently Wednesday represents a major concern for the league and a major challenge for the sport," the chairman stated.

"The club represents one of the historic institutions for football in England and recently we have met supporters' organizations.

"We are seeking authority... which will permit us to bring the club and similar situations brought to our attention if they require examination and acted upon."

Economic Challenges and Proprietorship Status

Wednesday's embattled owner the current owner indicated in the summer he would be willing to sell up at the stadium, but he has failed to complete a sale with potential new owners.

Missed wage deadlines on time in March and May resulted in restrictions being imposed by the football authorities in summer, stopping Wednesday from completing any player acquisitions for the subsequent signing windows, although the ban was rescinded in late summer.

Official's Viewpoint

The chairman stated: "The job [of the regulator] is there for the fans of Sheffield Wednesday, other clubs in similar situations where supporters are loyal to a regional establishment that has represented their community in multiple situations.

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

Inquired if the regulator could force an proprietor to divest a club if they are judged inappropriate, the chairman responded: "If your question is 'would we intervene in the final instance?', the reply is once we gather the evidence and comprehend the circumstances, we will."

But Kogan stressed that forcing owners to sell clubs would be treated as a "last resort" and the oversight body would choose to cooperate with proprietors.

"Our least desirable course of action is start getting involved with an particular organization, 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.

"However, realistically, when you examine the past of the game, over the last 20 or 30 years there have been some owners, not many, but particular people who have shown negligence in the way which they've been managing their clubs and ultimately don't wish to take responsibility for the long-term prospects."

'Errors may undo substantial development'

The regulator engaged officials from numerous teams to lay out the remit of the regulator on Wednesday and insisted it was a "forward-thinking discussion" with a "significant participation" from the lower divisions to the top flight.

"This position carries substantial significance, because if we get it wrong, if the sport makes errors, the extraordinary progress that's been made necessary will vanish incredibly quickly," the chairman stated.

"And that's what nobody wants in the context of the English game is a huge success story - we need to continue the progress.

"Considerable investment flowing into the game and has come into football for the last 20 or 25 years, because certainty is lacking it will continue to come into football, which is one of the reasons why I think we have to maintain a focused outlook on challenges and obviously, of the next two or three years."

Elite Division Worries

Top flight officials resisted the creation of a regulator because of concerns about detrimental effects on the top-flight's competitiveness, but Kogan said: "I fully support the achievement and development as an financial organization of the top division.

"Being fully aware of the worry about compromising the Premier League as a premium product of this country. But concurrently, 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 telling us in private they have a high level of reassurance."

Political Connections

Kogan is still facing a "full inquiry" by the public appointments commissioner after he disclosed making donations to the opposition group in the past.

The official contributed funds to Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the government leader.

"I've been completely open about my former ideological connection [with Labour], and that party membership ceased the day the official body endorsed my nomination," Kogan said.

"I am no longer involved in any form of political activity."