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Sheffield Wednesday's ongoing struggles represent a a "major concern" and the new football authority is seeking powers to examine team situations in similar circumstances, the newly appointed chairman David Kogan has stated.

Through a comprehensive talk, the chairman, who was named to the position this week, voiced concern towards the club's followers.

Kogan met with four supporters' associations associated with the football team in recent days.

The team have been facing challenges both on and off the pitch in the current year, with the club failing to pay players on time on several different times, including in the autumn.

"Evidently Wednesday represents a serious issue for football authorities and a major challenge for the sport," Kogan told.

"Wednesday stands as one of the iconic names for the English game and in recent days we have met supporters' organizations.

"Our aim is to acquire the ability... which will permit us to bring the club and similar situations brought to our attention if they warrant scrutiny and addressed."

Financial Struggles and Ownership Situation

The team's struggling chairman Dejphon Chansiri suggested earlier this year he would be willing to sell up at Hillsborough, but he has failed to complete a sale with prospective buyers.

Delayed salary payments on time in earlier this year led to sanctions by the football authorities in June, preventing the club from carrying out any transfers or loans for the subsequent signing windows, although those limitations were removed in the end of the transfer window.

Regulator's Perspective

The regulator explained: "Our role exists to serve the Owls followers, Bury or any football club where people are committed to a community organization that has represented their community in multiple situations.

"I have absolute sympathy for the club's situation, as I do for each organization that since 1992 have gone to the wall, or been close to going to the wall, for causes separate from the followers."

Inquired if the oversight body could require an proprietor to divest a club if they are judged inappropriate, the regulator answered: "If your question is 'would we intervene in the final instance?', the response would be once we collect the information and comprehend the circumstances, we will."

But the chairman emphasized that requiring chairmen to relinquish clubs would be considered the final option and the oversight body would choose to cooperate with proprietors.

"The final option we would consider is begin intervening in an particular organization, an specific proprietor, without being in a position to cooperate with that proprietor to address the challenges confronting the team and the owner's facing," the regulator explained.

"However, realistically, when you look back over the history of the game, over the recent generations there have been some owners, a small minority, but some who have been irresponsible in the approach they have taken toward their teams and eventually refuse to accept accountability for the coming years."

'Errors may undo substantial development'

The chairman convened with delegates from multiple organizations to detail the scope of the authority recently and maintained it represented a "forward-thinking discussion" with a "significant participation" from the grassroots to elite level.

"This position carries substantial significance, because if we get it wrong, if the world of football gets it wrong, the significant advances achieved necessary will vanish swiftly," Kogan said.

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

"Substantial financial resources flowing into the game and has come into football for the last 20 or 25 years, because there's no guarantee it will keep flowing into the sport, which is part of the rationale behind I think we have to maintain a focused outlook on risk and of course, of the immediate future."

Top Flight Apprehensions

The Premier League opposed the formation of an authority because of fears of a negative impact on the top-flight's competitiveness, but the regulator stated: "I'm absolutely committed to the prosperity and expansion as an commercial operation of the elite league.

"As someone who appreciates the worry about compromising the Premier League as a premium product of England. But simultaneously, if you talk to the Premier League after the recent gathering, they would have had a substantial amount of confidence -and, indeed, they have been telling us in private they have a significant confidence."

Partisan Associations

Kogan is still facing a "thorough examination" by the public appointments commissioner after he revealed he contributed money to the Labour Party in recent years.

The chairman contributed funds to Culture Secretary Lisa Nandy's leadership campaign, along with that of the government leader.

"I have been entirely transparent regarding my past party membership [with Labour], and that political affiliation came to an end the day the official body endorsed my nomination," the chairman stated.

"I am presently disconnected from any type of partisan engagement."