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The Championship club's persistent issues are seen as a "serious issue" and the new football authority is looking to gain the ability to examine team situations in comparable cases, the recently named head David Kogan has announced.

In a wide-ranging interview, the chairman, who was recently selected, expressed "sympathy" towards supporters of the Owls.

Kogan met with four supporters' associations representing the South Yorkshire club this week.

The Championship side have been facing challenges both on and off the pitch in this season, with the club delaying salary disbursements on multiple instances, including in last month.

"Clearly Sheffield Wednesday has been a major concern for the league and a significant problem for football," the chairman stated.

"Wednesday stands as one of the great brands for football in England and this week we have met fan representatives.

"We're now looking to get powers... which will permit us to bring the club and similar situations referred to us if they warrant scrutiny and acted upon."

Financial Struggles and Ownership Situation

Wednesday's embattled owner Dejphon Chansiri stated during the off-season he would be willing to sell up at Hillsborough, but he has not been able to secure a deal with potential new owners.

Delayed salary payments on time in March and May led to sanctions by the league officials in mid-year, preventing the club from carrying out any recruitment activities for the next three transfer windows, although that restriction was lifted in late summer.

Regulator's Perspective

Kogan said: "The position was created for the Owls followers, Bury or any football club where people are committed to a community organization that has existed throughout their lifetimes in multiple situations.

"I have absolute sympathy for the team's plight, 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."

Questioned about whether the regulator could force an proprietor to divest a club if they are considered unfit, the chairman responded: "If your question is 'would we intervene in the final instance?', the response would be once we assemble the facts and understand the situation, we will."

But the chairman emphasized that forcing owners to sell clubs would be viewed as the ultimate measure and the authority would rather to cooperate with proprietors.

"The last thing what we want to do is start getting involved with an specific team, an particular chairman, without being in a position to cooperate with that chairman to fix the problems affecting the organization and the chairman's encountering," Kogan said.

"In actuality, when you review the record of the game, over the recent generations there have been particular chairmen, not many, but some who have been irresponsible in the manner they have operated their organizations and finally refuse to accept accountability for the coming years."

'Mistakes could erase significant advances'

Kogan met with officials from numerous teams to explain the responsibilities of the authority recently and maintained it represented 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 world of football gets it wrong, the remarkable development accomplished might evaporate swiftly," the regulator warned.

"This represents everyone's worst fear in the realm of domestic football is a major achievement - we've got to keep it going.

"Substantial financial resources entering the sport and has come into football for the recent generations, because certainty is lacking it will persist in entering the game, which is among the factors explaining I think we have to maintain a focused outlook on challenges and obviously, of the coming seasons."

Premier League Concerns

Top flight officials resisted the formation of an authority because of concerns about detrimental effects on the Premier League's sporting equality, but the chairman responded: "I'm absolutely committed to the prosperity and expansion as an commercial operation of the top division.

"Being fully aware of the worry about compromising the Premier League as a premium product of England. But at the same time, if you engage with division representatives after the recent gathering, they would have had a high level of reassurance -and, in fact, they have been informing us confidentially they have a considerable comfort."

Political Connections

The chairman continues to confront a "thorough examination" by the Commissioner for Public Appointments after he disclosed making donations to the Labour Party in 2020.

The chairman provided financial support for Culture Secretary the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.

"I have fully disclosed my former ideological connection [with Labour], and that political affiliation came to an end the day the official body endorsed my nomination," Kogan said.

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