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Sheffield Wednesday's persistent issues constitute a "significant problem" and the football regulator is aiming to acquire authority to look into club affairs in such situations, the recently named head the official has announced.

In a wide-ranging interview, the chairman, who was appointed on Monday, voiced concern towards the club's followers.

The chairman convened with four fan organizations connected to the South Yorkshire club in recent days.

The team have been experiencing difficulties in multiple areas in the current year, with the club failing to pay players on time on multiple instances, including in last month.

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

"Sheffield Wednesday is one of the historic institutions for English football and recently we have met supporters' organizations.

"We're now looking to get powers... which will enable us to take Sheffield Wednesday - and other clubs brought to our attention if they need to be investigated and dealt with."

Financial Struggles and Ownership Situation

The team's struggling chairman the Thai businessman suggested earlier this year he would be prepared to relinquish control at Hillsborough, but he has been unable to finalize an agreement with potential new owners.

Missed wage deadlines on time in spring months resulted in restrictions being imposed by the football authorities in June, preventing the club from carrying out any player acquisitions for the following recruitment periods, although those limitations were removed in late summer.

Regulator's Perspective

The regulator explained: "Our role exists to serve the Owls followers, other clubs in similar situations where people are committed to a regional establishment that has been part of their lives in multiple situations.

"I fully appreciate the club's situation, as I do for all the clubs that since 1992 have gone to the wall, or been close to going to the wall, for factors unrelated to the followers."

Questioned about whether the regulator could force an chairman to relinquish a club if they are deemed unsuitable, Kogan said: "When asking whether 'would we intervene in the final instance?', the answer is once we collect the information and know what's going on, we will."

But Kogan stressed that compelling proprietors to divest clubs would be considered the final option and the authority would rather to work with them.

"Our least desirable course of action is start getting involved with an specific team, an specific proprietor, without having the opportunity to collaborate with that owner to try and resolve the problems affecting the organization and the chairman's encountering," the chairman stated.

"In actuality, when you look back over the history of the sport, over the recent generations there have been certain proprietors, a small minority, but some who have been irresponsible in the manner they have operated their clubs and ultimately refuse to accept accountability for the long-term prospects."

'If we get it wrong, extraordinary progress vanishes'

The regulator engaged officials from numerous teams to explain the responsibilities of the authority recently and stated it constituted a "progressive gathering" 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 football community fails, the significant advances achieved necessary will vanish swiftly," the regulator warned.

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

"Substantial financial resources coming into football and has been channeled for the last 20 or 25 years, because there's no guarantee it will keep flowing into the sport, which is one of the reasons why I think we have to adopt a precise perspective on potential dangers and naturally, of the coming seasons."

Top Flight Apprehensions

The Premier League opposed the establishment of an oversight body because of fears of a negative impact on the top-flight's competitiveness, but the chairman responded: "I fully support the success and growth as an financial organization of the top division.

"I of all people understand the worry about compromising the division as a high-quality offering of this country. But at the same time, if you consult with top flight officials after the recent gathering, they would have had a significant degree of comfort -and, in fact, they have been advising us privately they have a considerable comfort."

Political Connections

Kogan is still facing a "comprehensive investigation" by the official appointments authority after he disclosed making donations to the opposition group in recent years.

The chairman donated money to government minister the politician's campaign, along with that of the now Prime Minister Sir Keir Starmer.

"I have been entirely transparent regarding my past party membership [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the regulator explained.

"I currently have no participation in any type of partisan engagement."