'Our role is integral to football's future' - independent football regulator the new chairman
The team's ongoing struggles constitute a "major concern" and the new football authority is aiming to acquire authority to investigate clubs in comparable cases, the newly appointed chairman the official has declared.
During an extensive discussion, the regulator, who was named to the position this week, voiced concern towards Wednesday's fanbase.
The regulator engaged with four supporter groups associated with the football team this week.
The Championship side have been facing challenges both on and off the pitch in this season, with the club failing to pay players on time on multiple instances, including in September.
"Evidently Wednesday represents a major concern for the league and a substantial concern for English football," Kogan told.
"Wednesday stands as one of the great brands for the English game and recently we have met fan representatives.
"We're now looking to get powers... which will permit us to bring the club and similar situations brought to our attention if they require examination and acted upon."
Monetary Issues and Proprietorship Status
Wednesday's embattled owner the current owner suggested earlier this year he would be open to selling the club at their home ground, but he has not been able to secure a deal with interested parties.
Failure to pay player wages on time in March and May resulted in restrictions being imposed by the football authorities in mid-year, stopping Wednesday from completing any player acquisitions for the subsequent signing windows, although the ban was rescinded in August.
Official's Viewpoint
The regulator explained: "The position was created for the supporters of Wednesday, other clubs in similar situations where fans are dedicated to a regional establishment that has represented their community in numerous instances.
"I have absolute sympathy for Sheffield Wednesday, as I do for each organization that in modern times have encountered failure, or been close to going to the wall, for factors unrelated to the followers."
Inquired if the authority might compel an owner to sell a club if they are deemed unsuitable, the chairman responded: "Should the inquiry concern 'would we intervene in the final instance?', the response would be once we collect the information and understand the situation, we will."
But Kogan stressed that forcing owners to sell clubs would be treated as a "last resort" and the authority would rather to collaborate with owners.
"The last thing what we want to do is start getting involved with an individual club, an particular chairman, without being able to work with that chairman to fix the problems affecting the organization and the chairman's encountering," the regulator explained.
"In actuality, when you examine the past of football, 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 future."
Wednesday followers have been protesting against owner Dejphon Chansiri in recent months
'Errors may undo substantial development'
Kogan met with representatives from 110 clubs to explain the responsibilities of the oversight body this week and stated it constituted a "forward-thinking discussion" with a "substantial involvement" from the lower divisions to the top flight.
"The role holds considerable importance, because should mistakes occur, if the sport makes errors, the remarkable development accomplished might evaporate incredibly quickly," the chairman stated.
"And that's what nobody wants in the context of the English game is a substantial accomplishment - we must maintain momentum.
"There's an enormous amount of money flowing into the game and has come into football for the past two decades, because there's no guarantee it will continue to come into football, which is among the factors explaining I think we have to take a really clear view on challenges and obviously, of the immediate future."
Elite Division Worries
The Premier League opposed the formation of an authority because of concerns about detrimental effects on the elite division's competitive balance, but the regulator stated: "I fully support the prosperity and expansion as an commercial operation of the top division.
"Being fully aware of the apprehension regarding damaging the top flight as an elite competition of England. But at the same time, if you consult with top flight officials after this week's discussion, they would have had a high level of reassurance -and, in fact, they have been advising us privately they have a high level of reassurance."
Ideological Links
The chairman continues to confront a "comprehensive investigation" by the official appointments authority after he revealed he contributed money to the political party in recent years.
The 68-year-old provided financial support for 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've been completely open about my former ideological connection [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," Kogan said.
"I currently have no participation in any sort of politics."