'We will play a key role in football's future' - football oversight chief the new chairman
The team's persistent issues are seen as a "significant problem" and the football regulator is aiming to acquire authority to look into club affairs in similar circumstances, the recently named head the official has stated.
During an extensive discussion, Kogan, who was named to the position this week, voiced concern towards Wednesday's fanbase.
The regulator engaged with four fan organizations representing the Championship side this week.
The Championship side have been struggling on and off the field in this season, with the club failing to pay players on time on several different times, including in last month.
"Evidently Wednesday represents a serious issue for football authorities and a major challenge for the sport," the regulator explained.
"Wednesday stands as one of the great brands for football in England and in recent days we have met Sheffield Wednesday supporters' groups.
"We're now looking to get powers... which will enable us to take Wednesday and comparable cases brought to our attention if they need to be investigated and addressed."
Financial Struggles and Proprietorship Status
The club's controversial proprietor Dejphon Chansiri indicated in the summer he would be willing to sell up at Hillsborough, but he has failed to complete a sale with interested parties.
Delayed salary payments on time in March and May caused limitations by the league officials in summer, preventing the club from carrying out any transfers or loans for the next three transfer windows, although those limitations were removed in late summer.
Authority's Position
Kogan said: "The job [of the regulator] is there for the fans of Sheffield Wednesday, other clubs in similar situations where people are committed to a local institution that has existed throughout their lifetimes in numerous instances.
"I completely understand the team's plight, as I do for each organization that since 1992 have gone to the wall, or nearly ceased operations, for factors unrelated to the fans themselves."
Questioned about whether the regulator could force an chairman to relinquish a club if they are considered unfit, Kogan said: "If your question is 'would we intervene in the final instance?', the answer is once we assemble the facts and know what's going on, we will."
But Kogan stressed that forcing owners to sell clubs would be viewed as the ultimate measure and the regulator would prefer to cooperate with proprietors.
"The final option we would consider is start getting involved with an specific team, an specific proprietor, without being able to work with that chairman to fix the problems affecting the organization and the owner's facing," the regulator explained.
"But the truth is, when you look back over the history of football, over the last 20 or 30 years there have been particular chairmen, few in number, but certain individuals who have acted carelessly in the approach they have taken toward their clubs and ultimately decline to assume obligation for the future."
Wednesday followers have been demonstrating against the team's chairman this season
'Errors may undo substantial development'
The regulator engaged representatives from 110 clubs to explain the responsibilities of the authority recently and insisted it was a "progressive gathering" with a "substantial involvement" from the grassroots to elite level.
"This position carries substantial significance, because if we get it wrong, if the football community fails, the extraordinary progress that's been made necessary will vanish swiftly," the regulator warned.
"And that's what nobody wants in the realm of domestic football is a major achievement - we must maintain momentum.
"There's an enormous amount of money coming into football and has been invested for the last 20 or 25 years, 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."
Top Flight Apprehensions
The Premier League opposed the creation of a regulator because of concerns about detrimental effects on the elite division's competitive balance, but the regulator stated: "I fully support the success and growth as an commercial operation of the top division.
"Being fully aware of the worry about compromising the division as a high-quality offering of the nation. But simultaneously, if you talk to the Premier League after today's meeting, they would have had a substantial amount of confidence -and, indeed, they have been informing us confidentially they have a significant confidence."
Ideological Links
Kogan is still facing a "full inquiry" by the public appointments commissioner after he revealed he contributed money to the Labour Party in recent years.
The chairman donated money to Culture Secretary the politician's campaign, along with that of the current Prime Minister.
"I have fully disclosed my previous political affiliation [with Labour], and that political affiliation came to an end the day the official body endorsed my nomination," the regulator explained.
"I am presently disconnected from any form of political activity."
