'Our role is integral to football's future' - newly appointed regulator the regulator's chair
The team's ongoing struggles are seen as a "major concern" and the new football authority is aiming to acquire authority to investigate clubs in similar circumstances, its new chair the official has announced.
In a wide-ranging interview, Kogan, who was recently selected, showed understanding towards supporters of the Owls.
The regulator engaged with four supporters' associations connected to the Championship side in recent days.
The team have been facing challenges both on and off the pitch in this season, with the club missing wage payments on several different times, including in the autumn.
"Evidently Wednesday represents a serious issue for football authorities and a major challenge for the sport," the chairman stated.
"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 allow us to have Sheffield Wednesday - and other clubs brought to our attention if they require examination and addressed."
Monetary Issues and Proprietorship Status
The club's controversial proprietor the Thai businessman suggested earlier this year he would be prepared to relinquish control at their home ground, but he has failed to complete a sale with prospective buyers.
Delayed salary payments on time in March and May led to sanctions by the football authorities in summer, preventing the club from carrying out any recruitment activities for the following recruitment periods, although the ban was rescinded in late summer.
Regulator's Perspective
Kogan said: "The position was created for the fans of Sheffield Wednesday, teams facing challenges where fans are dedicated to a local institution that has existed throughout their lifetimes in many cases.
"I fully appreciate Sheffield Wednesday, as I do for every team that in modern times have encountered failure, or nearly ceased operations, for causes separate from the followers."
Questioned about whether the authority might compel an chairman to relinquish a club if they are judged inappropriate, the chairman responded: "When asking whether 'would we intervene in the final instance?', the answer is once we assemble the facts and comprehend the circumstances, we will."
But the regulator clarified that requiring chairmen to relinquish clubs would be considered the final option and the oversight body would choose to collaborate with owners.
"The last thing what we want to do is begin intervening in an particular organization, an individual owner, without being able to work with that proprietor to address the problems affecting the organization and the chairman's encountering," the regulator explained.
"But the truth is, when you look back over the history of the sport, over the past few decades there have been particular chairmen, not many, but particular people who have shown negligence in the approach they have taken toward their clubs and ultimately refuse to accept accountability for the future."
Owls fans have been demonstrating against owner Dejphon Chansiri during the current campaign
'Mistakes could erase significant advances'
The regulator engaged representatives from 110 clubs to detail the scope of the oversight body this week and insisted it was a "progressive gathering" with a "substantial involvement" from the National League to the Premier League.
"The role holds considerable importance, because if we get it wrong, if the football community fails, the extraordinary progress that's been made might evaporate swiftly," Kogan said.
"This represents everyone's worst fear in the terms of English football is a major achievement - we need to continue the progress.
"There's an enormous amount of money flowing into the game and has been channeled for the last 20 or 25 years, because certainty is lacking it will continue to come into football, which is among the factors explaining I think we have to maintain a focused outlook on risk and of course, of the coming seasons."
Elite Division Worries
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 prosperity and expansion as an economic entity of the elite league.
"As someone who appreciates the worry about compromising the top flight as an elite competition of this country. But concurrently, if you engage with division representatives after the recent gathering, they would have had a high level of reassurance -and, actually, they have been telling us in private they have a considerable comfort."
Ideological Links
The regulator remains subject to a "full inquiry" by the official appointments authority after he revealed he contributed money to the political party in recent years.
The official provided financial support for Culture Secretary the minister's leadership bid, along with that of the government leader.
"I have been entirely transparent regarding my former ideological connection [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the regulator explained.
"I am no longer involved in any sort of politics."
