'We will play a key role in football's future' - football oversight chief the new chairman
The team's current difficulties are seen as a "serious issue" and the new football authority is looking to gain the ability to investigate clubs in such situations, its new chair the official has stated.
Through a comprehensive talk, Kogan, who was appointed on Monday, expressed "sympathy" towards Wednesday's fanbase.
The regulator engaged with four fan organizations representing the South Yorkshire club in recent days.
The team have been facing challenges both on and off the pitch in this season, with the club failing to pay players on time on several different times, including in the autumn.
"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 great brands for English football and in recent days we have met supporters' organizations.
"Our aim is to acquire the ability... which will permit us to bring the club and similar situations submitted for our review if they warrant scrutiny and dealt with."
Financial Struggles and Proprietorship Status
The club's controversial proprietor 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 potential new owners.
Missed wage deadlines on time in earlier this year resulted in restrictions being imposed by the football authorities in mid-year, stopping Wednesday from completing any transfers or loans for the following recruitment periods, although those limitations were removed in August.
Regulator's Perspective
The regulator explained: "The job [of the regulator] is there for the supporters of Wednesday, other clubs in similar situations where fans are dedicated to a regional establishment that has represented their community in many cases.
"I have absolute sympathy for Sheffield Wednesday, as I do for every team that in modern times have encountered failure, or been close to going to the wall, for causes separate from the followers."
When asked if the regulator could force an owner to sell a club if they are deemed unsuitable, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we gather the evidence and understand the situation, we will."
But Kogan stressed that requiring chairmen to relinquish clubs would be treated as a "last resort" and the regulator would prefer 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 owner to try and resolve the challenges confronting the team and the chairman's encountering," the chairman stated.
"In actuality, when you examine the past of the game, over the last 20 or 30 years there have been particular chairmen, not many, but particular people who have shown negligence in the way which they've been managing their teams and eventually don't wish to take responsibility for the coming years."
Owls fans have been protesting against owner Dejphon Chansiri during the current campaign
'If we get it wrong, extraordinary progress vanishes'
Kogan met with officials from numerous teams to lay out the remit of the regulator on Wednesday and maintained it represented a "forward-thinking discussion" with a "high level of engagement" from the lower divisions to the top flight.
"The role holds considerable importance, because if errors are made, if the world of football gets it wrong, the remarkable development accomplished could disappear rapidly," the chairman stated.
"This represents everyone's worst fear in the context of the English game is a huge success story - we must maintain momentum.
"Considerable investment flowing into the game and has come into football for the last 20 or 25 years, because certainty is lacking it will continue to come into football, which is part of the rationale behind I think we have to take a really clear view on potential dangers and naturally, of the coming seasons."
Elite Division Worries
Elite division representatives objected to the establishment of an oversight body because of apprehensions regarding adverse consequences on the elite division's competitive balance, but Kogan said: "I'm absolutely committed to the success and growth as an economic entity of the top division.
"Being fully aware of the apprehension regarding damaging the division as a high-quality offering of the nation. But concurrently, if you consult with top flight officials after today's meeting, they would have had a high level of reassurance -and, actually, they have been informing us confidentially they have a high level of reassurance."
Partisan Associations
Kogan is still facing a "thorough examination" by the Commissioner for Public Appointments after he acknowledged providing funds to the opposition group in recent years.
The chairman provided financial support for government minister Lisa Nandy's leadership campaign, along with that of the current Prime Minister.
"I have been entirely transparent regarding my previous political affiliation [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the regulator explained.
"I currently have no participation in any sort of politics."
