'We will play a key role in football's future' - independent football regulator the regulator's chair
The team's current difficulties are seen as a "serious issue" and the football regulator is looking to gain the ability to examine team situations in similar circumstances, the recently named head the official has stated.
In a wide-ranging interview, the regulator, who was recently selected, expressed "sympathy" towards Wednesday's fanbase.
The regulator engaged with four supporters' associations representing the football team recently.
The team have been facing challenges both on and off the pitch in this season, with the club delaying salary disbursements on five separate occasions, including in September.
"Clearly Sheffield Wednesday has been a serious issue for football authorities and a significant problem for football," Kogan told.
"The club represents one of the iconic names for football in England and in recent days we have met Sheffield Wednesday supporters' groups.
"We are seeking authority... which will allow us to have Wednesday and comparable cases submitted for our review if they need to be investigated and acted upon."
Financial Struggles and Leadership Concerns
Wednesday's embattled owner the current owner stated during the off-season he would be prepared to relinquish control at Hillsborough, but he has not been able to secure a deal with prospective buyers.
Delayed salary payments on time in spring months caused limitations by the league officials in mid-year, preventing the club from carrying out any player acquisitions for the following recruitment periods, although the ban was rescinded in the end of the transfer window.
Regulator's Perspective
The regulator explained: "The position was created for the Owls followers, other clubs in similar situations where supporters are loyal to a community organization that has existed throughout their lifetimes in multiple situations.
"I have absolute sympathy for the team's plight, as I do for every team that in modern times have encountered failure, or nearly ceased operations, for factors unrelated to the supporters."
When asked if the oversight body could require an proprietor to divest a club if they are deemed unsuitable, the regulator answered: "When asking whether 'would we intervene in the final instance?', the response would be once we gather the evidence 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 cooperate with proprietors.
"The final option we would consider is begin intervening in an individual club, an individual owner, without being able to work with that owner to try and resolve the challenges confronting the team and the proprietor's dealing with," Kogan said.
"However, realistically, when you review the record of the sport, over the past few decades there have been some owners, a small minority, but certain individuals who have acted carelessly in the way which they've been managing their clubs and ultimately decline to assume obligation for the coming years."
Sheffield Wednesday supporters have been voicing opposition to the team's chairman during the current campaign
'Errors may undo substantial development'
Kogan met with delegates from multiple organizations to detail the scope of the regulator on Wednesday and insisted it was a "proactive meeting" with a "substantial involvement" from the National League to the Premier League.
"The role holds considerable importance, because if we get it wrong, if the football community fails, the extraordinary progress that's been made might evaporate rapidly," Kogan said.
"Such an outcome is universally undesirable in the realm of domestic football is a major achievement - we need to continue the progress.
"Considerable investment coming into football and has come into football for the recent generations, because there are no assurances it will keep flowing into the sport, which is one of the reasons why I think we have to take a really clear view on risk and of course, of the coming seasons."
Elite Division Worries
Elite division representatives objected to the establishment of an oversight body because of fears of a negative impact on the top-flight's competitiveness, but the chairman responded: "I'm absolutely committed to the achievement and development as an commercial operation of the elite league.
"Being fully aware of the worry about compromising the division as a high-quality offering of this country. But at the same time, if you talk to the Premier League after the recent gathering, they would have had a substantial amount of confidence -and, actually, they have been telling us in private they have a high level of reassurance."
Partisan Associations
Kogan is still facing a "thorough examination" by the public appointments commissioner after he acknowledged providing funds to the opposition group in the past.
The official contributed funds to government minister Lisa Nandy's leadership campaign, along with that of the current Prime Minister.
"I've been completely open about my past party membership [with Labour], and that ideological connection terminated the day the select committee approved my appointment," Kogan said.
"I am no longer involved in any sort of politics."
