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The Championship club's persistent issues represent a a "significant problem" and the new football authority is aiming to acquire authority to investigate clubs in similar circumstances, the recently named head the official has declared.

In a wide-ranging interview, the chairman, who was recently selected, showed understanding towards Wednesday's fanbase.

Kogan met with four supporter groups associated with the football team in recent days.

The football club have been experiencing difficulties in multiple areas in this season, with the club failing to pay players on time on five separate occasions, including in last month.

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

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

"We are seeking authority... which will permit us to bring Sheffield Wednesday - and other clubs brought to our attention if they require examination and addressed."

Economic Challenges and Ownership Situation

Wednesday's embattled owner Dejphon Chansiri suggested earlier this year he would be open to selling the club at the stadium, but he has failed to complete a sale with potential new owners.

Delayed salary payments on time in earlier this year caused limitations by the football authorities in mid-year, stopping Wednesday from completing any player acquisitions for the subsequent signing windows, although that restriction was lifted in late summer.

Authority's Position

Kogan said: "Our role exists to serve the supporters of Wednesday, teams facing challenges where people are committed to a local institution 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 over recent decades have faced collapse, or nearly ceased operations, for reasons that have nothing to do with the fans themselves."

Questioned about whether the oversight body could require 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 reply is once we assemble the facts and understand the situation, we will."

But the chairman emphasized that requiring chairmen to relinquish clubs would be treated as a "last resort" and the regulator would prefer to cooperate with proprietors.

"The last thing what we want to do is start getting involved with an specific team, an individual owner, without being able to work with that chairman to fix the problems affecting the organization and the owner's facing," the regulator explained.

"In actuality, when you look back over the history of football, over the recent generations there have been some owners, few in number, but certain individuals who have acted carelessly in the manner they have operated their organizations and finally don't wish to take responsibility for the coming years."

'Mistakes could erase significant advances'

The regulator engaged representatives from 110 clubs to detail the scope of the oversight body this week and stated it constituted a "proactive meeting" with a "high level of engagement" from the lower divisions to the top flight.

"It's a job that's actually really important, because should mistakes occur, if the world of football gets it wrong, the significant advances achieved necessary will vanish rapidly," the chairman stated.

"Such an outcome is universally undesirable in the context of the English game is a substantial accomplishment - we need to continue the progress.

"Considerable investment flowing into the game and has been invested for the past two decades, because certainty is lacking it will persist in entering the game, which is part of the rationale behind I think we have to take a really clear view on challenges and obviously, of the immediate future."

Top Flight Apprehensions

Top flight officials resisted the establishment of an oversight body because of fears of a negative impact on the elite division's competitive balance, but the regulator stated: "I fully support the prosperity and expansion as an economic entity of the elite league.

"Being fully aware of the apprehension regarding damaging the division as a high-quality offering of this country. But concurrently, if you consult with top flight officials after the recent gathering, they would have had a significant degree of comfort -and, indeed, they have been informing us confidentially they have a significant confidence."

Political Connections

Kogan is still facing a "thorough examination" by the official appointments authority after he revealed he contributed money to the political party in recent years.

The chairman provided financial support for Culture Secretary the politician's campaign, along with that of the current Prime Minister.

"I've been completely open about my past party membership [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," the chairman stated.

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