'Our role is integral to football's future' - independent football regulator the new chairman
The team's ongoing struggles are seen as a "major concern" and the independent regulator is looking to gain the ability to examine team situations in comparable cases, the recently named head the official has stated.
In a wide-ranging interview, Kogan, who was appointed on Monday, showed understanding towards supporters of the Owls.
Kogan met with four fan organizations associated with the Championship side recently.
The team have been experiencing difficulties in multiple areas in this season, with the club delaying salary disbursements on multiple instances, including in September.
"Evidently Wednesday represents a significant problem for EFL and a significant problem for football," the regulator explained.
"Sheffield Wednesday is one of the historic institutions for football in England and in recent days we have met supporters' organizations.
"We're now looking to get powers... which will permit us to bring the club and similar situations referred to us if they need to be investigated and acted upon."
Monetary Issues and Leadership Concerns
The club's controversial proprietor the Thai businessman stated during the off-season he would be prepared to relinquish control at the stadium, but he has failed to complete a sale with interested parties.
Delayed salary payments on time in spring months caused limitations by the English Football League (EFL) in June, blocking the team from conducting any recruitment activities for the following recruitment periods, although those limitations were removed in the end of the transfer window.
Regulator's Perspective
The regulator explained: "The job [of the regulator] is there for the Owls followers, Bury or any football club where people are committed to a local institution that has been part of their lives in many cases.
"I have absolute sympathy for the team's plight, as I do for every team that since 1992 have gone to the wall, or approached financial ruin, for reasons that have nothing to do with the fans themselves."
Questioned about whether the authority might compel an proprietor to divest a club if they are considered unfit, the chairman responded: "When asking whether 'would we intervene in the final instance?', the answer 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 considered the final option and the authority would rather to cooperate with proprietors.
"Our least desirable course of action is start getting involved with an specific team, 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 review the record 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 teams and eventually don't wish to take responsibility for the coming years."
Owls fans have been protesting against the team's chairman in recent months
'If we get it wrong, extraordinary progress vanishes'
Kogan met with officials from numerous teams to detail the scope of the regulator on Wednesday and stated it constituted a "proactive meeting" with a "high level of engagement" from the National League to the Premier League.
"This position carries substantial significance, because if we get it wrong, if the sport makes errors, the significant advances achieved might evaporate incredibly quickly," the regulator warned.
"And that's what nobody wants in the terms of English football is a major achievement - we must maintain momentum.
"Considerable investment coming into football 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 challenges and obviously, of the next two or three years."
Elite Division Worries
The Premier League opposed the establishment of an oversight body because of concerns about detrimental effects on the top-flight's competitiveness, but the regulator stated: "I'm absolutely committed to the prosperity and expansion as an economic entity of the elite league.
"Being fully aware of the apprehension regarding damaging the top flight as an elite competition of England. But at the same time, if you talk to the Premier League after today's meeting, they would have had a high level of reassurance -and, indeed, they have been telling us in private they have a significant confidence."
Ideological Links
Kogan is still facing a "thorough examination" by the official appointments authority after he acknowledged providing funds to the Labour Party in recent years.
The chairman donated money to government minister the politician's campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I have been entirely transparent regarding my former ideological connection [with Labour], and that party membership ceased the day the official body endorsed my nomination," the chairman stated.
"I currently have no participation in any form of political activity."
