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Sheffield Wednesday's ongoing struggles are seen as a "serious issue" and the new football authority is aiming to acquire authority to look into club affairs in similar circumstances, the recently named head David Kogan has announced.

In a wide-ranging interview, Kogan, who was named to the position this week, showed understanding towards Wednesday's fanbase.

Kogan met with four fan organizations representing the South Yorkshire club this week.

The team have been experiencing difficulties in multiple areas in this season, with the club missing wage payments on several different times, including in September.

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

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

"We are seeking authority... which will permit us to bring Wednesday and comparable cases brought to our attention if they require examination and dealt with."

Monetary Issues and Ownership Situation

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

Missed wage deadlines on time in spring months led to sanctions by the league officials in summer, stopping Wednesday from completing any transfers or loans for the subsequent signing windows, although the ban was rescinded in August.

Regulator's Perspective

Kogan said: "The position was created for the supporters of Wednesday, other clubs in similar situations where supporters are loyal to a regional establishment that has been part of their lives in numerous instances.

"I completely understand the club's situation, as I do for all the clubs that in modern times have encountered failure, or been close to going to the wall, for factors unrelated to the fans themselves."

Inquired if the authority might compel an chairman to relinquish a club if they are deemed unsuitable, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we gather the evidence and understand the situation, we will."

But the regulator clarified that requiring chairmen to relinquish clubs would be considered the final option and the regulator would prefer to work with them.

"Our least desirable course of action is start getting involved with an specific team, an particular chairman, without being in a position to cooperate with that owner to try and resolve the challenges confronting the team and the proprietor's dealing with," Kogan said.

"However, realistically, when you look back over the history of the game, over the last 20 or 30 years there have been certain proprietors, not many, but some who have been irresponsible in the way which they've been managing their clubs and ultimately refuse to accept accountability for the long-term prospects."

'Errors may undo substantial development'

The regulator engaged delegates from multiple organizations to detail the scope of the authority recently and stated it constituted a "proactive meeting" with a "high level of engagement" from the National League to the Premier League.

"This position carries substantial significance, because should mistakes occur, if the sport makes errors, the significant advances achieved could disappear incredibly quickly," Kogan said.

"This represents everyone's worst fear in the terms of English football is a major achievement - we must maintain momentum.

"There's an enormous amount of money flowing into the game and has come into football for the last 20 or 25 years, because there are no assurances it will keep flowing into the sport, which is among the factors explaining I think we have to maintain a focused outlook on challenges and obviously, of the coming seasons."

Top Flight Apprehensions

Elite division representatives objected to the creation of a regulator because of fears of a negative impact on the top-flight's competitiveness, but Kogan said: "I fully support the achievement and development as an economic entity of the Premier League.

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

Partisan Associations

Kogan is still facing a "thorough examination" by the Commissioner for Public Appointments after he acknowledged providing funds to the political party in the past.

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

"I have been entirely transparent regarding my former ideological connection [with Labour], and that ideological connection terminated the day the parliamentary committee confirmed my selection," the regulator explained.

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