'Our role is integral to football's future' - newly appointed regulator the new chairman
The team's ongoing struggles constitute a "significant problem" and the independent regulator is looking to gain the ability to look into club affairs in such situations, the recently named head the official has stated.
In a wide-ranging interview, the regulator, who was recently selected, expressed "sympathy" towards the club's followers.
Kogan met with four fan organizations representing the Championship side this week.
The football club have been facing challenges both on and off the pitch in the current year, with the club missing wage payments on several different times, including in the autumn.
"Evidently Wednesday represents a major concern for the league and a substantial concern for English football," the regulator explained.
"Sheffield Wednesday is one of the historic institutions for football in England and this week we have met fan representatives.
"We are seeking authority... which will enable us to take Sheffield Wednesday - and other clubs submitted for our review if they need to be investigated and addressed."
Monetary Issues and Proprietorship Status
The team's struggling chairman Dejphon Chansiri indicated in the summer he would be willing to sell up at Hillsborough, but he has failed to complete a sale with prospective buyers.
Missed wage deadlines on time in earlier this year led to sanctions by the English Football League (EFL) in mid-year, preventing the club from carrying out any player acquisitions for the next three transfer windows, although those limitations were removed in August.
Authority's Position
Kogan said: "Our role exists to serve the fans of Sheffield Wednesday, Bury or any football club where supporters are loyal to a community organization that has existed throughout their lifetimes in many cases.
"I completely understand the club's situation, as I do for every team that in modern times have encountered failure, or approached financial ruin, for causes separate from the supporters."
Inquired if the oversight body could require an proprietor to divest a club if they are judged inappropriate, the chairman responded: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we assemble the facts and understand the situation, we will."
But the chairman emphasized that forcing owners to sell clubs would be viewed as the ultimate measure and the oversight body would choose to collaborate with owners.
"The last thing what we want to do is commence engagement with an individual club, an specific proprietor, without being able to work with that chairman to fix the problems affecting the organization and the owner's facing," Kogan said.
"In actuality, when you examine the past of football, over the recent generations there have been particular chairmen, a small minority, but some who have been irresponsible in the manner they have operated their clubs and ultimately don't wish to take responsibility for the coming years."
Wednesday followers have been protesting against the team's chairman this season
'Mistakes could erase significant advances'
The chairman convened with officials from numerous teams to detail the scope of the regulator on Wednesday and insisted it was a "forward-thinking discussion" with a "significant participation" from the lower divisions to the top flight.
"This position carries substantial significance, because if errors are made, if the sport makes errors, the remarkable development accomplished could disappear rapidly," Kogan said.
"This represents everyone's worst fear in the context of the English game is a major achievement - we must maintain momentum.
"Considerable investment entering the sport and has come into football for the last 20 or 25 years, because certainty is lacking 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 potential dangers and naturally, of the immediate future."
Premier League Concerns
The Premier League opposed the establishment of an oversight body because of fears of a negative impact on the top-flight's competitiveness, but the chairman responded: "I fully support the achievement and development as an commercial operation of the elite league.
"As someone who appreciates the apprehension regarding damaging the Premier League as a premium product of this country. But concurrently, if you talk to the Premier League after the recent gathering, they would have had a high level of reassurance -and, in fact, they have been advising us privately they have a high level of reassurance."
Political Connections
The regulator remains subject to a "comprehensive investigation" by the official appointments authority after he revealed he contributed money to the political party in the past.
The chairman provided financial support for Secretary of State for Culture, Media and Sport Lisa Nandy's leadership campaign, along with that of the government leader.
"I've been completely open about my former ideological connection [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," the regulator explained.
"I currently have no participation in any sort of politics."
