'Our role is integral to football's future' - football oversight chief the regulator's chair
The team's persistent issues are seen as a "serious issue" and the new football authority is aiming to acquire authority to investigate clubs in similar circumstances, the newly appointed chairman the official has declared.
During an extensive discussion, Kogan, who was named to the position this week, showed understanding towards Wednesday's fanbase.
Kogan met with four supporters' associations representing the South Yorkshire club this week.
The Championship side have been facing challenges both on and off the pitch in 2025, with the club missing wage payments on multiple instances, including in the autumn.
"Obviously the club has become a major concern for the league and a significant problem for football," Kogan told.
"Wednesday stands as one of the great brands for the English game and in recent days we have met Sheffield Wednesday supporters' groups.
"We're now looking to get powers... which will enable us to take the club and similar situations submitted for our review if they warrant scrutiny and addressed."
Economic Challenges and Ownership Situation
The team's struggling chairman the current owner suggested earlier this year he would be willing to sell up at their home ground, but he has been unable to finalize an agreement with interested parties.
Missed wage deadlines on time in March and May caused limitations by the league officials in summer, stopping Wednesday from completing any recruitment activities for the subsequent signing windows, although the ban was rescinded in the end of the transfer window.
Regulator's Perspective
Kogan said: "Our role exists to serve the supporters of Wednesday, other clubs in similar situations where fans are dedicated to a local institution that has represented their community in numerous instances.
"I fully appreciate Sheffield Wednesday, as I do for all the clubs that in modern times have encountered failure, or nearly ceased operations, for causes separate from the followers."
Inquired if the oversight body could require an chairman to relinquish a club if they are considered unfit, Kogan said: "When asking whether 'would we intervene in the final instance?', the reply is once we gather the evidence and comprehend the circumstances, we will."
But Kogan stressed that forcing owners to sell clubs would be treated as a "last resort" and the regulator would prefer to cooperate with proprietors.
"The final option we would consider is start getting involved with an individual club, an specific proprietor, without being able to work with that proprietor to address the challenges confronting the team and the proprietor's dealing with," Kogan said.
"But the truth is, when you examine the past of the game, over the recent generations there have been some owners, a small minority, but certain individuals who have acted carelessly in the manner they have operated their teams and eventually decline to assume obligation for the long-term prospects."
Owls fans have been voicing opposition to owner Dejphon Chansiri this season
'If we get it wrong, extraordinary progress vanishes'
The chairman convened with officials from numerous teams to explain the responsibilities of the regulator on Wednesday and insisted it was a "forward-thinking discussion" with a "substantial involvement" from the National League to the Premier League.
"It's a job that's actually really important, because if errors are made, if the sport makes errors, the extraordinary progress that's been made could disappear rapidly," Kogan said.
"This represents everyone's worst fear in the context of the English game is a major achievement - we must maintain momentum.
"Considerable investment flowing into the game and has been channeled for the past two decades, because certainty is lacking it will keep flowing into the sport, which is one of the reasons why I think we have to maintain a focused outlook on challenges and obviously, of the coming seasons."
Elite Division Worries
The Premier League opposed the formation of an authority because of apprehensions regarding adverse consequences on the elite division's competitive balance, but the regulator stated: "I'm absolutely committed to the success and growth as an economic entity of the Premier League.
"As someone who appreciates the apprehension regarding damaging the Premier League as a premium product of this country. But concurrently, if you talk to the Premier League after this week's discussion, they would have had a high level of reassurance -and, actually, they have been informing us confidentially they have a considerable comfort."
Partisan Associations
The regulator remains subject to a "thorough examination" by the Commissioner for Public Appointments after he disclosed making donations to the political party in recent years.
The 68-year-old donated money to Culture Secretary the politician's campaign, 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 party membership ceased the day the parliamentary committee confirmed my selection," the regulator explained.
"I currently have no participation in any type of partisan engagement."
