'Our role is integral to football's future' - newly appointed regulator the regulator's chair
The Championship club's current difficulties are seen as a "significant problem" and the independent regulator is seeking powers to examine team situations in similar circumstances, the recently named head the official has stated.
In a wide-ranging interview, Kogan, who was named to the position this week, expressed "sympathy" towards Wednesday's fanbase.
Kogan met with four supporters' associations connected to the Championship side in recent days.
The football club 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 last month.
"Evidently Wednesday represents a significant problem for EFL and a major challenge for the sport," Kogan told.
"Sheffield Wednesday is one of the great brands for football in England and in recent days we have met supporters' organizations.
"We are seeking authority... which will enable us to take Wednesday and comparable cases submitted for our review if they need to be investigated and addressed."
Economic Challenges and Proprietorship Status
The club's controversial proprietor the current owner suggested earlier this year he would be prepared to relinquish control at Hillsborough, but he has failed to complete a sale with interested parties.
Missed wage deadlines on time in March and May caused limitations by the English Football League (EFL) in mid-year, stopping Wednesday from completing any transfers or loans for the following recruitment periods, although the ban was rescinded in August.
Regulator's Perspective
Kogan said: "Our role exists to serve the supporters of Wednesday, Bury or any football club where people are committed to a community organization that has been part of their lives in numerous instances.
"I fully appreciate Sheffield Wednesday, as I do for every team that over recent decades have faced collapse, or approached financial ruin, for factors unrelated to the supporters."
When asked if the regulator could force 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 response would be once we collect the information and know what's going on, we will."
But Kogan stressed that compelling proprietors to divest 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 particular chairman, without being able to work with that proprietor to address the issues that the club's facing and the owner's facing," the regulator explained.
"But the truth is, when you review the record of the game, over the last 20 or 30 years there have been certain proprietors, few in number, but certain individuals who have acted carelessly in the way which they've been managing their clubs and ultimately refuse to accept accountability for the coming years."
Owls fans have been demonstrating against the team's chairman during the current campaign
'Mistakes could erase significant advances'
The regulator engaged officials from numerous teams to detail the scope of the regulator on Wednesday 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 we get it wrong, if the sport makes errors, the remarkable development accomplished might evaporate rapidly," the regulator warned.
"And that's what nobody wants in the context of the English game is a major achievement - we must maintain momentum.
"Substantial financial resources coming into football and has been invested for the recent generations, because there's no guarantee it will keep flowing into the sport, which is among the factors explaining 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 establishment of an oversight body because of concerns about detrimental effects on the Premier League's sporting equality, but Kogan said: "I fully support the success and growth as an economic entity of the Premier League.
"As someone who appreciates the worry about compromising the Premier League as a premium product of this country. But simultaneously, if you consult with top flight officials after the recent gathering, they would have had a high level of reassurance -and, actually, they have been advising us privately they have a considerable comfort."
Partisan Associations
Kogan is still facing a "full inquiry" by the public appointments commissioner after he disclosed making donations to the opposition group in 2020.
The chairman contributed funds to Culture Secretary Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I've been completely open about my past party membership [with Labour], and that party membership ceased the day the official body endorsed my nomination," the regulator explained.
"I currently have no participation in any sort of politics."
