'We will play a key role in football's future' - football oversight chief the new chairman
The Championship club's ongoing struggles represent a a "significant problem" and the new football authority is aiming to acquire authority to investigate clubs in similar circumstances, the recently named head the official has stated.
During an extensive discussion, the chairman, who was recently selected, showed understanding towards supporters of the Owls.
Kogan met with four supporters' associations connected to the football team in recent days.
The team have been struggling on and off the field in this season, with the club delaying salary disbursements on five separate occasions, including in the autumn.
"Obviously the club has become a serious issue for football authorities and a major challenge for the sport," the chairman stated.
"Sheffield Wednesday is one of the historic institutions for the English game and this week we have met Sheffield Wednesday supporters' groups.
"Our aim is to acquire the ability... which will permit us to bring the club and similar situations brought to our attention if they warrant scrutiny and addressed."
Financial Struggles and Leadership Concerns
The club's controversial proprietor the current owner stated during the off-season he would be prepared to relinquish control 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 March and May led to sanctions by the football authorities in June, preventing the club from carrying out any recruitment activities for the subsequent signing windows, although those limitations were removed in the end of the transfer window.
Regulator's Perspective
Kogan said: "The job [of the regulator] is there for the supporters of Wednesday, teams facing challenges where people are committed to a local institution that has been part of their lives in multiple situations.
"I fully appreciate 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."
Inquired if the authority might compel an chairman to relinquish a club if they are considered unfit, the chairman responded: "Should the inquiry concern '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 viewed as the ultimate measure and the oversight body would choose to cooperate with proprietors.
"Our least desirable course of action is begin intervening in an particular organization, an individual owner, without being able to work with that proprietor to address the challenges confronting the team and the chairman's encountering," Kogan said.
"In actuality, when you examine the past of football, over the past few decades there have been certain proprietors, not many, but some who have been irresponsible in the manner they have operated their clubs and ultimately don't wish to take responsibility for the long-term prospects."
Sheffield Wednesday supporters have been demonstrating against owner Dejphon Chansiri in recent months
'Errors may undo substantial development'
The chairman convened with representatives from 110 clubs to detail the scope of the regulator on Wednesday and maintained it represented 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 should mistakes occur, if the football community fails, the remarkable development accomplished might evaporate incredibly quickly," Kogan said.
"This represents everyone's worst fear in the realm of domestic football is a huge success story - we must maintain momentum.
"Considerable investment entering the sport and has been invested for the recent generations, because there are no assurances it will keep flowing into the sport, which is part of the rationale behind I think we have to take a really clear view on potential dangers and naturally, of the next two or three years."
Top Flight Apprehensions
Top flight officials resisted the establishment of an oversight body because of concerns about detrimental effects on the elite division's competitive balance, but the regulator stated: "I completely endorse the prosperity and expansion as an commercial operation of the top division.
"I of all people understand the apprehension regarding damaging the top flight as an elite competition of this country. But at the same time, if you engage with division representatives after this week's discussion, they would have had a significant degree of comfort -and, actually, they have been advising us privately they have a significant confidence."
Ideological Links
The regulator remains subject to a "comprehensive investigation" by the Commissioner for Public Appointments after he disclosed making donations to the opposition group in the past.
The 68-year-old provided financial support for Culture Secretary the minister's leadership bid, 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 select committee approved my appointment," the regulator explained.
"I am presently disconnected from any sort of politics."