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The Championship club's ongoing struggles are seen as a "serious issue" and the new football authority is looking to gain the ability to look into club affairs in such situations, the recently named head David Kogan has declared.

In a wide-ranging interview, Kogan, who was recently selected, voiced concern towards Wednesday's fanbase.

The chairman convened with four supporters' associations representing the Championship side this week.

The football club have been facing challenges both on and off the pitch in the current year, with the club missing wage payments on several different times, including in September.

"Evidently Wednesday represents a serious issue for football authorities and a substantial concern for English football," the regulator explained.

"Sheffield Wednesday is one of the iconic names for the English game and in recent days we have met fan representatives.

"We are seeking authority... which will permit us to bring the club and similar situations submitted for our review if they need to be investigated and dealt with."

Economic Challenges and Ownership Situation

The team's struggling chairman Dejphon Chansiri indicated in the summer he would be willing to sell up at Hillsborough, but he has not been able to secure a deal with interested parties.

Failure to pay player wages on time in March and May led to sanctions by the football authorities in summer, preventing the club from carrying out any player acquisitions for the next three transfer windows, although that restriction was lifted in the end of the transfer window.

Authority's Position

The regulator explained: "The job [of the regulator] is there for the fans of Sheffield Wednesday, Bury or any football club where fans are dedicated to a community organization that has represented their community in many cases.

"I fully appreciate Sheffield Wednesday, as I do for every team that since 1992 have gone to the wall, or been close to going to the wall, for reasons that have nothing to do with the followers."

Inquired if the authority might compel an proprietor to divest a club if they are deemed unsuitable, the chairman responded: "Should the inquiry concern 'would we intervene in the final instance?', the answer is once we assemble the facts and know what's going on, we will."

But the chairman emphasized that compelling proprietors to divest clubs would be viewed as the ultimate measure and the authority would rather to work with them.

"The final option we would consider is commence engagement with an specific team, an particular chairman, without having the opportunity to collaborate with that owner to try and resolve the challenges confronting the team and the proprietor's dealing with," the chairman stated.

"In actuality, when you look back over the history of the game, over the recent generations there have been certain proprietors, not many, but certain individuals who have acted carelessly in the approach they have taken toward their organizations and finally refuse to accept accountability for the coming years."

'Errors may undo substantial development'

Kogan met with officials from numerous teams to lay out the remit of the authority recently and stated it constituted a "proactive meeting" with a "high level of engagement" from the grassroots to elite level.

"This position carries substantial significance, because should mistakes occur, if the sport makes errors, the remarkable development accomplished could disappear rapidly," the chairman stated.

"Such an outcome is universally undesirable in the context of the English game is a major achievement - we must maintain momentum.

"Substantial financial resources flowing into the game and has been channeled for the last 20 or 25 years, because certainty is lacking it will persist in entering the game, which is one of the reasons why I think we have to take a really clear view on potential dangers and naturally, of the coming seasons."

Top Flight Apprehensions

The Premier League opposed the formation of an authority because of apprehensions regarding adverse consequences on the elite division's competitive balance, but Kogan said: "I'm absolutely committed to the success and growth as an commercial operation of the elite league.

"I of all people understand the worry about compromising the top flight as an elite competition of the nation. But simultaneously, if you engage with division representatives after this week's discussion, they would have had a significant degree of comfort -and, indeed, they have been advising us privately they have a considerable comfort."

Ideological Links

The regulator remains subject to a "full inquiry" by the public appointments commissioner after he disclosed making donations to the Labour Party in recent years.

The official contributed funds to Culture Secretary the politician's campaign, along with that of the now Prime Minister Sir Keir Starmer.

"I have fully disclosed my previous political affiliation [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the chairman stated.

"I currently have no participation in any form of political activity."