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Sheffield Wednesday's persistent issues are seen as a "major concern" and the new football authority is aiming to acquire authority to investigate clubs in such situations, the recently named head David Kogan has declared.

During an extensive discussion, the regulator, who was appointed on Monday, voiced concern towards supporters of the Owls.

The chairman convened with four supporter groups connected to the South Yorkshire club this week.

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

"Obviously the club has become a serious issue for football authorities and a major challenge for the sport," the chairman stated.

"Sheffield Wednesday is one of the historic institutions for football in England and in recent days we have met Sheffield Wednesday supporters' groups.

"Our aim is to acquire the ability... which will permit us to bring Sheffield Wednesday - and other clubs submitted for our review if they warrant scrutiny and addressed."

Economic Challenges and Ownership Situation

The team's struggling chairman the Thai businessman suggested earlier this year he would be open to selling the club at Hillsborough, but he has failed to complete a sale with interested parties.

Missed wage deadlines on time in March and May resulted in restrictions being imposed by the league officials in June, stopping Wednesday from completing any recruitment activities for the following recruitment periods, although the ban was rescinded in late summer.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 local institution that has been part of their lives in many cases.

"I completely understand the team's plight, as I do for every team that since 1992 have gone to the wall, or been close to going to the wall, for factors unrelated to the fans themselves."

When asked if the regulator could force an chairman to relinquish a club if they are considered unfit, the regulator answered: "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 the chairman emphasized that requiring chairmen to relinquish clubs would be viewed as the ultimate measure and the oversight body would choose to work with them.

"Our least desirable course of action is start getting involved with an individual club, an particular chairman, without being able to work with that chairman to fix the issues that the club's facing and the chairman's encountering," the chairman stated.

"However, realistically, when you look back over the history of the game, over the last 20 or 30 years there have been certain proprietors, few in number, but particular people who have shown negligence in the manner they have operated their teams and eventually don't wish to take responsibility for the coming years."

'Mistakes could erase significant advances'

Kogan met with delegates from multiple organizations to explain the responsibilities of the oversight body this week and maintained it represented a "forward-thinking discussion" with a "significant participation" from the grassroots to elite level.

"The role holds considerable importance, because if errors are made, if the sport makes errors, the significant advances achieved could disappear swiftly," 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.

"There's an enormous amount of money flowing into the game and has been channeled for the recent generations, because certainty is lacking it will keep flowing into the sport, which is part of the rationale behind I think we have to maintain a focused outlook on challenges and obviously, of the next two or three years."

Premier League Concerns

Elite division representatives objected to the formation of an authority because of concerns about detrimental effects on the elite division's competitive balance, but Kogan said: "I'm absolutely committed to the prosperity and expansion as an financial organization of the Premier League.

"Being fully aware of the apprehension regarding damaging the top flight as an elite competition of this country. But simultaneously, 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 chairman continues to confront a "thorough examination" by the public appointments commissioner after he acknowledged providing funds to the Labour Party in recent years.

The 68-year-old provided financial support for Culture Secretary Lisa Nandy's leadership 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 presently disconnected from any sort of politics."