'We are going to be a part of football's future' - football oversight chief the regulator's chair
The team's current difficulties represent a a "serious issue" and the football regulator is looking to gain the ability to investigate clubs in comparable cases, the newly appointed chairman the official has announced.
Through a comprehensive talk, the chairman, who was named to the position this week, expressed "sympathy" towards Wednesday's fanbase.
Kogan met with four supporters' associations representing the Championship side in recent days.
The team have been experiencing difficulties in multiple areas in this season, with the club delaying salary disbursements on multiple instances, including in the autumn.
"Clearly Sheffield Wednesday has been a major concern for the league and a major challenge for the sport," the regulator explained.
"Wednesday stands as one of the iconic names for the English game and recently we have met Sheffield Wednesday supporters' groups.
"Our aim is to acquire the ability... which will enable us to take Sheffield Wednesday - and other clubs brought to our attention if they need to be investigated and acted upon."
Financial Struggles and Ownership Situation
Wednesday's embattled owner Dejphon Chansiri suggested earlier this year he would be prepared to relinquish control at their home ground, but he has been unable to finalize an agreement with potential new owners.
Missed wage deadlines on time in spring months resulted in restrictions being imposed by the football authorities in summer, preventing the club from carrying out any transfers or loans for the following recruitment periods, although that restriction was lifted in August.
Authority's Position
The regulator explained: "The job [of the regulator] is there for the Owls followers, other clubs in similar situations where people are committed to a local institution that has represented their community in many cases.
"I have absolute sympathy for the team's plight, as I do for every team that since 1992 have gone to the wall, or nearly ceased operations, for reasons that have nothing to do with the followers."
Inquired if the regulator could force an chairman to relinquish a club if they are considered unfit, the regulator answered: "If your question is 'would we intervene in the final instance?', the response would be once we assemble the facts and know what's going on, we will."
But the chairman emphasized that compelling proprietors to divest clubs would be considered the final option and the regulator would prefer to cooperate with proprietors.
"The last thing what we want to do is start getting involved with an specific team, an individual owner, without being able to work with that owner to try and resolve the issues that the club's facing and the chairman's encountering," Kogan said.
"In actuality, when you look back over the history of the game, over the last 20 or 30 years there have been some owners, few in number, but some who have been irresponsible in the manner they have operated their clubs and ultimately decline to assume obligation for the future."
Wednesday followers have been demonstrating against owner Dejphon Chansiri in recent months
'Errors may undo substantial development'
The regulator engaged delegates from multiple organizations to lay out the remit of the authority recently and insisted it was a "proactive meeting" with a "significant participation" from the grassroots to elite level.
"The role holds considerable importance, because if we get it wrong, if the world of football gets it wrong, the extraordinary progress that's been made necessary will vanish incredibly quickly," the chairman stated.
"And that's what nobody wants in the context of the English game is a huge success story - we've got to keep it going.
"Substantial financial resources flowing into the game and has been channeled 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 maintain a focused outlook on potential dangers and naturally, of the next two or three years."
Top Flight Apprehensions
The Premier League opposed the creation of a regulator because of fears of a negative impact on the top-flight's competitiveness, but the regulator stated: "I completely endorse the achievement and development as an economic entity of the top division.
"Being fully aware of the worry about compromising the division as a high-quality offering of the nation. But concurrently, if you engage with division representatives after today's meeting, they would have had a significant degree of comfort -and, actually, they have been advising us privately they have a significant confidence."
Partisan Associations
The chairman continues to confront 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 contributed funds to government minister Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I have fully disclosed my previous political affiliation [with Labour], and that party membership ceased the day the select committee approved my appointment," Kogan said.
"I am presently disconnected from any type of partisan engagement."