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The Championship club's ongoing struggles are seen as a "major concern" and the new football authority is looking to gain the ability to look into club affairs in similar circumstances, its new chair David Kogan has announced.

During an extensive discussion, Kogan, who was appointed on Monday, expressed "sympathy" towards supporters of the Owls.

Kogan met with four fan organizations representing the Championship side in recent days.

The team have been experiencing difficulties in multiple areas in the current year, with the club delaying salary disbursements on five separate occasions, including in last month.

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

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

"We're now looking to get powers... which will allow us to have Sheffield Wednesday - and other clubs submitted for our review if they warrant scrutiny and addressed."

Monetary Issues and Proprietorship Status

The club's controversial proprietor the Thai businessman suggested earlier this year he would be willing to sell up at Hillsborough, but he has been unable to finalize an agreement with potential new owners.

Failure to pay player wages on time in March and May caused limitations by the league officials in summer, preventing the club from carrying out any player acquisitions for the following recruitment periods, although that restriction was lifted in late summer.

Authority's Position

Kogan said: "Our role exists to serve the Owls followers, teams facing challenges where supporters are loyal to a community organization that has been part of their lives in multiple situations.

"I fully appreciate Sheffield Wednesday, as I do for all the clubs that in modern times have encountered failure, or been close to going to the wall, for reasons that have nothing to do with the followers."

When asked if the authority might compel an owner to sell 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 gather the evidence and know what's going on, we will."

But Kogan stressed that forcing owners to sell clubs would be viewed as the ultimate measure and the regulator would prefer to cooperate with proprietors.

"The final option we would consider is commence engagement with an individual club, an specific proprietor, without being able to work with that chairman to fix the issues that the club's facing and the proprietor's dealing with," the chairman stated.

"But the truth is, when you examine the past of football, over the last 20 or 30 years there have been particular chairmen, a small minority, but certain individuals who have acted carelessly in the approach they have taken toward their organizations and finally refuse to accept accountability for the future."

'Mistakes could erase significant advances'

The regulator engaged officials from numerous teams to lay out the remit of the regulator on Wednesday and maintained it represented a "proactive meeting" with a "substantial involvement" from the lower divisions to the top flight.

"It's a job that's actually really important, because if we get it wrong, if the world of football gets it wrong, the significant advances achieved necessary will vanish rapidly," the regulator warned.

"This represents everyone's worst fear in the realm of domestic football is a huge success story - we must maintain momentum.

"There's an enormous amount of money coming into football and has been invested for the last 20 or 25 years, because there are no assurances it will persist in entering the game, which is among the factors explaining I think we have to take a really clear view on potential dangers and naturally, of the next two or three years."

Premier League Concerns

Elite division representatives objected to the creation of a regulator because of apprehensions regarding adverse consequences on the elite division's competitive balance, but the chairman responded: "I fully support the achievement and development as an economic entity of the top division.

"As someone who appreciates the concern of undermining the division as a high-quality offering of England. But at the same time, if you talk to the Premier League after this week's discussion, they would have had a significant degree of comfort -and, in fact, they have been informing us confidentially they have a high level of reassurance."

Partisan Associations

The regulator remains subject to a "full inquiry" by the Commissioner for Public Appointments after he revealed he contributed money to the political party in the past.

The 68-year-old contributed funds to Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.

"I have fully disclosed my previous political affiliation [with Labour], and that party membership ceased the day the select committee approved my appointment," the regulator explained.

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