Unsuitable owners could be forced to sell football clubs, the chairman of the new independent regulator has said.

David Kogan, who was appointed on Monday, also labelled Sheffield Wednesday's perilous situation a "significant problem" and said the regulator is seeking powers to investigate clubs in such predicaments.

Wednesday have been placed under various embargoes amid tax debts and after failing to pay players and staff on time on five separate occasions this year, including last month.

Kogan this week met four supporter groups associated with the beleaguered Owls.

He expressed sympathy with fans of the South Yorkshire club, who sit second bottom of the Championship table with six points from nine games following Saturday's 5-0 home defeat by Coventry .

"If your question is,

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