'Our role is integral to football's future' - football oversight chief the new chairman
The team's persistent issues are seen as a "serious issue" and the new football authority is seeking powers to look into club affairs in similar circumstances, its new chair the official has announced.
In a wide-ranging interview, Kogan, who was appointed on Monday, expressed "sympathy" towards supporters of the Owls.
The chairman convened with four supporters' associations representing the football team this week.
The team have been experiencing difficulties in multiple areas in the current year, with the club missing wage payments on several different times, including in September.
"Clearly Sheffield Wednesday has been a serious issue for football authorities and a major challenge for the sport," the chairman stated.
"The club represents one of the historic institutions for football in England and this week we have met supporters' organizations.
"We're now looking to get powers... which will permit us to bring Wednesday and comparable cases referred to us if they need to be investigated and dealt with."
Economic Challenges and Leadership Concerns
The club's controversial proprietor the current owner indicated in the summer he would be willing to sell up at their home ground, but he has not been able to secure a deal with potential new owners.
Failure to pay player wages on time in spring months resulted in restrictions being imposed by the league officials in June, blocking the team from conducting any player acquisitions for the subsequent signing windows, although that restriction was lifted in late summer.
Official's Viewpoint
Kogan said: "The position was created for the fans of Sheffield Wednesday, other clubs in similar situations where fans are dedicated to a local institution that has represented their community in numerous instances.
"I completely understand Sheffield Wednesday, as I do for all the clubs that in modern times have encountered failure, or been close to going to the wall, for causes separate from the supporters."
Questioned about whether the oversight body could require an proprietor to divest a club if they are considered unfit, Kogan said: "If your question is 'would we intervene in the final instance?', the answer is once we collect the information and know what's going on, we will."
But Kogan stressed that forcing owners to sell clubs would be considered the final option and the regulator would prefer to work with them.
"The last thing what we want to do is start getting involved with an particular organization, an specific proprietor, without being in a position to cooperate with that chairman to fix the issues that the club's facing and the proprietor's dealing with," the chairman stated.
"However, realistically, when you examine the past of football, over the recent generations there have been certain proprietors, a small minority, but particular people who have shown negligence in the way which they've been managing their teams and eventually refuse to accept accountability for the coming years."
Sheffield Wednesday supporters have been demonstrating against the current proprietor this season
'Mistakes could erase significant advances'
The regulator engaged officials from numerous teams to lay out the remit of the regulator on Wednesday and maintained it represented a "forward-thinking discussion" with a "high level of engagement" from the lower divisions to the top flight.
"It's a job that's actually really important, because if errors are made, if the world of football gets it wrong, the remarkable development accomplished could disappear incredibly quickly," the chairman stated.
"This represents everyone's worst fear in the terms of English football is a major achievement - we must maintain momentum.
"Substantial financial resources coming into football and has come into football for the past two decades, because there are no assurances it will persist in entering the game, which is part of the rationale behind I think we have to adopt a precise perspective on risk and of course, of the next two or three years."
Top Flight Apprehensions
Elite division representatives objected to the creation of a regulator because of fears of a negative impact on the top-flight's competitiveness, but the chairman responded: "I completely endorse the success and growth as an economic entity of the Premier League.
"I of all people understand the apprehension regarding damaging the Premier League as a premium product of this country. 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 considerable comfort."
Partisan Associations
Kogan is still facing a "comprehensive investigation" by the Commissioner for Public Appointments after he acknowledged providing funds to the political party in the past.
The 68-year-old donated money to Secretary of State for Culture, Media and Sport the politician's campaign, along with that of the current Prime Minister.
"I have fully disclosed my previous political affiliation [with Labour], and that party membership ceased the day the official body endorsed my nomination," the regulator explained.
"I am no longer involved in any sort of politics."
