'Our role is integral to football's future' - football oversight chief the new chairman
The team's ongoing struggles are seen as a "major concern" and the new football authority is seeking powers to examine team situations in comparable cases, the newly appointed chairman the regulator has announced.
In a wide-ranging interview, Kogan, who was appointed on Monday, showed understanding towards supporters of the Owls.
Kogan met with four supporters' associations associated with the Championship side recently.
The Championship side have been struggling on and off the field in this season, with the club failing to pay players on time on five separate occasions, including in last month.
"Clearly Sheffield Wednesday has been a serious issue for football authorities and a major challenge for the sport," Kogan told.
"Wednesday stands as one of the historic institutions for English football and in recent days we have met Sheffield Wednesday supporters' groups.
"We're now looking to get powers... which will enable us to take the club and similar situations submitted for our review if they need to be investigated and addressed."
Financial Struggles and Proprietorship Status
The club's controversial proprietor Dejphon Chansiri stated during the off-season he would be open to selling the club at their home ground, but he has failed to complete a sale with potential new owners.
Failure to pay player wages on time in March and May resulted in restrictions being imposed by the football authorities in summer, blocking the team from conducting any recruitment activities for the next three transfer windows, although those limitations were removed in the end of the transfer window.
Official's Viewpoint
The chairman stated: "The job [of the regulator] is there for the fans of Sheffield Wednesday, other clubs in similar situations where supporters are loyal to a community organization that has existed throughout their lifetimes in multiple situations.
"I fully appreciate Sheffield Wednesday, as I do for each organization that in modern times have encountered failure, or been close to going to the wall, for causes separate from the followers."
Inquired if the regulator could force an chairman to relinquish a club if they are considered unfit, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we assemble the facts and understand the situation, we will."
But the regulator clarified that forcing owners to sell clubs would be considered the final option and the authority would rather 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 proprietor to address the issues that the club's facing and the owner's facing," Kogan said.
"But the truth is, when you review the record of the game, over the past few decades there have been particular chairmen, a small minority, but certain individuals who have acted carelessly in the manner they have operated their teams and eventually refuse to accept accountability for the coming years."
Owls fans have been demonstrating against the current proprietor during the current campaign
'If we get it wrong, extraordinary progress vanishes'
Kogan met with delegates from multiple organizations to detail the scope of the oversight body this week and maintained it represented a "forward-thinking discussion" with a "substantial involvement" 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 extraordinary progress that's been made might evaporate incredibly quickly," the chairman stated.
"This represents everyone's worst fear in the context of the English game is a substantial accomplishment - we need to continue the progress.
"Considerable investment entering the sport and has been invested for the last 20 or 25 years, because there are no assurances it will keep flowing into the sport, which is among the factors explaining I think we have to take a really clear view on potential dangers and naturally, of the coming seasons."
Premier League Concerns
The Premier League opposed the creation of a regulator because of concerns about detrimental effects on the top-flight's competitiveness, but the regulator stated: "I completely endorse the success and growth as an economic entity of the elite league.
"I of all people understand the concern of undermining the division as a high-quality offering of the nation. But concurrently, if you engage with division representatives after the recent gathering, they would have had a significant degree of comfort -and, indeed, they have been telling us in private they have a significant confidence."
Ideological Links
The regulator remains subject to a "thorough examination" by the Commissioner for Public Appointments after he acknowledged providing funds to the Labour Party in recent years.
The chairman provided financial support for government minister Lisa Nandy's leadership campaign, along with that of the government leader.
"I've been completely open about my former ideological connection [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the regulator explained.
"I am no longer involved in any form of political activity."
