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Sheffield Wednesday's persistent issues are seen as a "major concern" and the independent regulator is seeking powers to investigate clubs in comparable cases, the recently named head the regulator has stated.

Through a comprehensive talk, the chairman, who was appointed on Monday, voiced concern towards supporters of the Owls.

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

The Championship side have been experiencing difficulties in multiple areas in this season, with the club delaying salary disbursements on multiple instances, including in September.

"Obviously the club has become a significant problem for EFL and a significant problem for football," the regulator explained.

"Sheffield Wednesday is one of the iconic names for football in England and recently we have met Sheffield Wednesday supporters' groups.

"Our aim is to acquire the ability... which will allow us to have Sheffield Wednesday - and other clubs brought to our attention if they require examination and addressed."

Economic Challenges and Ownership Situation

Wednesday's embattled owner the current owner indicated in the summer he would be prepared to relinquish control at their home ground, but he has failed to complete a sale with interested parties.

Failure to pay player wages on time in March and May caused limitations by the English Football League (EFL) in summer, preventing the club from carrying out any player acquisitions for the next three transfer windows, although that restriction was lifted in late summer.

Authority's Position

The chairman stated: "Our role exists to serve the Owls followers, teams facing challenges where fans are dedicated to a regional establishment that has existed throughout their lifetimes in multiple situations.

"I have absolute sympathy for the team's plight, as I do for each organization that in modern times have encountered failure, or nearly ceased operations, for factors unrelated to the followers."

When asked if the regulator could force an owner to sell a club if they are deemed unsuitable, the chairman responded: "Should the inquiry concern 'would we intervene in the final instance?', the answer is once we gather the evidence and comprehend the circumstances, we will."

But the chairman emphasized that compelling proprietors to divest clubs would be considered the final option and the regulator would prefer to cooperate with proprietors.

"The last thing what we want to do is start getting involved with an particular organization, an individual owner, without having the opportunity to collaborate with that proprietor to address the issues that the club's facing and the proprietor's dealing with," the regulator explained.

"But the truth is, when you examine the past of the sport, over the last 20 or 30 years there have been some owners, a small minority, but some who have been irresponsible in the manner they have operated their teams and eventually don't wish to take responsibility for the future."

'Errors may undo substantial development'

Kogan met with officials from numerous teams to explain the responsibilities of the authority recently and maintained it represented a "forward-thinking discussion" with a "high level of engagement" from the National League to the Premier League.

"The role holds considerable importance, because should mistakes occur, if the sport makes errors, the significant advances achieved could disappear rapidly," the regulator warned.

"And that's what nobody wants in the realm of domestic football is a substantial accomplishment - we've got to keep it going.

"Considerable investment entering the sport and has been invested for the past two decades, because there's no guarantee it will keep flowing into the sport, which is one of the reasons why I think we have to take a really clear view on potential dangers and naturally, of the immediate future."

Premier League Concerns

Top flight officials resisted the formation of an authority because of fears of a negative impact on the Premier League's sporting equality, but the regulator stated: "I completely endorse the achievement and development as an economic entity of the Premier League.

"I of all people understand the concern of undermining the Premier League as a premium product of this country. But simultaneously, if you engage with division representatives after this week's discussion, they would have had a substantial amount of confidence -and, actually, they have been advising us privately they have a high level of reassurance."

Political Connections

The regulator remains subject to a "thorough examination" by the Commissioner for Public Appointments after he acknowledged providing funds to the Labour Party in recent years.

The official donated money to Secretary of State for Culture, Media and Sport Lisa Nandy's leadership campaign, 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," Kogan said.

"I am presently disconnected from any sort of politics."