'Our role is integral to football's future' - football oversight chief the regulator's chair
The Championship club's current difficulties constitute a "significant problem" and the new football authority is looking to gain the ability to look into club affairs in similar circumstances, the newly appointed chairman the official has stated.
During an extensive discussion, Kogan, who was recently selected, showed understanding towards supporters of the Owls.
The regulator engaged with four supporter groups connected to the football team this week.
The football club have been experiencing difficulties in multiple areas in the current year, with the club missing wage payments on several different times, including in the autumn.
"Obviously the club has become a serious issue for football authorities and a significant problem for football," the regulator explained.
"Sheffield Wednesday is one of the historic institutions for football in England and recently we have met fan representatives.
"Our aim is to acquire the ability... which will allow us to have the club and similar situations brought to our attention if they require examination and acted upon."
Financial Struggles and Proprietorship Status
Wednesday's embattled owner the Thai businessman stated during the off-season he would be willing to sell up at their home ground, but he has failed to complete a sale with prospective buyers.
Delayed salary payments on time in March and May caused limitations by the football authorities in summer, preventing the club from carrying out any transfers or loans for the next three transfer windows, although that restriction was lifted in the end of the transfer window.
Authority's Position
The chairman stated: "Our role exists to serve the supporters of Wednesday, other clubs in similar situations where supporters are loyal to a community organization that has represented their community in many cases.
"I fully appreciate the team's plight, as I do for all the clubs 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 fans themselves."
When asked if the regulator could force an owner to sell a club if they are considered unfit, Kogan said: "If your question is 'would we intervene in the final instance?', the response would be once we assemble the facts and understand the situation, we will."
But the regulator clarified that compelling proprietors to divest clubs would be treated as a "last resort" and the oversight body would choose to work with them.
"The final option we would consider is start getting involved with an particular organization, an individual owner, without having the opportunity to collaborate with that proprietor to address the challenges confronting the team and the proprietor's dealing with," Kogan said.
"In actuality, when you look back over the history of the sport, over the last 20 or 30 years there have been some owners, not many, but certain individuals who have acted carelessly in the approach they have taken toward their clubs and ultimately refuse to accept accountability for the future."
Sheffield Wednesday supporters have been protesting against owner Dejphon Chansiri this season
'Mistakes could erase significant advances'
The regulator engaged officials from numerous teams to explain the responsibilities of the regulator on Wednesday and insisted it was a "proactive meeting" with a "substantial involvement" from the grassroots to elite level.
"This position carries substantial significance, because should mistakes occur, if the football community fails, the significant advances achieved could disappear swiftly," the chairman stated.
"This represents everyone's worst fear in the context of the English game is a major achievement - we must maintain momentum.
"There's an enormous amount of money coming into football and has been channeled for the last 20 or 25 years, because there's no guarantee it will persist in entering the game, which is among the factors explaining I think we have to adopt a precise perspective on potential dangers and naturally, of the next two or three years."
Elite Division Worries
The Premier League opposed the creation of a regulator because of concerns about detrimental effects on the Premier League's sporting equality, but the regulator stated: "I completely endorse the prosperity and expansion as an financial organization of the top division.
"Being fully aware of the worry about compromising the Premier League as a premium product of the nation. But at the same time, if you talk to the Premier League after this week's discussion, they would have had a substantial amount of confidence -and, in fact, they have been informing us confidentially they have a significant confidence."
Partisan Associations
The regulator remains subject to a "comprehensive investigation" by the official appointments authority after he revealed he contributed money to the political party in the past.
The chairman donated money to Secretary of State for Culture, Media and Sport Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I have fully disclosed my past party membership [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," Kogan said.
"I am presently disconnected from any type of partisan engagement."
