'We will play a key role in football's future' - football oversight chief the regulator's chair
The Championship club's ongoing struggles represent a a "serious issue" and the football regulator is seeking powers to investigate clubs in similar circumstances, the recently named head the official has stated.
In a wide-ranging interview, Kogan, who was recently selected, expressed "sympathy" towards supporters of the Owls.
Kogan met with four supporter groups representing the football team recently.
The football club 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.
"Obviously the club has become a serious issue for football authorities and a substantial concern for English football," the regulator explained.
"Sheffield Wednesday is one of the great brands for English football and recently we have met supporters' organizations.
"We're now looking to get powers... which will permit us to bring Wednesday and comparable cases brought to our attention if they warrant scrutiny and dealt with."
Monetary Issues and Ownership Situation
The team's struggling chairman Dejphon Chansiri suggested earlier this year he would be open to selling the club at the stadium, but he has been unable to finalize an agreement with prospective buyers.
Failure to pay player wages on time in earlier this year resulted in restrictions being imposed by the football authorities in summer, stopping Wednesday from completing any transfers or loans for the following recruitment periods, although that restriction was lifted in August.
Regulator's Perspective
Kogan said: "The job [of the regulator] is there for the fans of Sheffield Wednesday, Bury or any football club where supporters are loyal to a regional establishment that has been part of their lives in numerous instances.
"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 reasons that have nothing to do with the followers."
Inquired if the oversight body could require an chairman to relinquish a club if they are judged inappropriate, the regulator answered: "If your question is 'would we intervene in the final instance?', the reply is 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 treated as a "last resort" and the regulator would prefer to work with them.
"The last thing what we want to do is begin intervening in an individual club, an particular chairman, without having the opportunity to collaborate with that owner to try and resolve the issues that the club's facing and the owner's facing," the chairman stated.
"However, realistically, when you examine the past of the game, over the past few decades there have been certain proprietors, few in number, but particular people who have shown negligence in the way which they've been managing their clubs and ultimately don't wish to take responsibility for the future."
Sheffield Wednesday supporters have been voicing opposition to the current proprietor during the current campaign
'If we get it wrong, extraordinary progress vanishes'
Kogan met with representatives from 110 clubs to explain the responsibilities of the authority recently and maintained it represented a "progressive gathering" with a "significant participation" from the lower divisions to the top flight.
"This position carries substantial significance, because if errors are made, if the football community fails, the remarkable development accomplished might evaporate rapidly," the regulator warned.
"And that's what nobody wants in the terms of English football is a major achievement - we must maintain momentum.
"There's an enormous amount of money flowing into the game and has been invested for the past two decades, because there's no guarantee it will persist in entering the game, which is part of the rationale behind I think we have to take a really clear view on risk and of course, of the coming seasons."
Premier League Concerns
Top flight officials resisted the creation of a regulator because of apprehensions regarding adverse consequences on the Premier League's sporting equality, but the chairman responded: "I completely endorse the achievement and development as an economic entity of the elite league.
"As someone who appreciates the worry about compromising the top flight as an elite competition of the nation. But simultaneously, if you engage with division representatives after the recent gathering, they would have had a high level of reassurance -and, actually, they have been advising us privately they have a high level of reassurance."
Ideological Links
The regulator remains subject to a "full inquiry" by the public appointments commissioner after he acknowledged providing funds to the opposition group in recent years.
The official contributed funds to Culture Secretary 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 ideological connection terminated the day the select committee approved my appointment," the chairman stated.
"I currently have no participation in any sort of politics."