'Our role is integral to football's future' - football oversight chief the new chairman
The team's ongoing struggles are seen as a "serious issue" and the independent regulator is seeking powers to examine team situations in comparable cases, the newly appointed chairman the official has declared.
In a wide-ranging interview, Kogan, who was appointed on Monday, expressed "sympathy" towards supporters of the Owls.
The regulator engaged with four supporter groups representing the South Yorkshire club in recent days.
The Championship side have been experiencing difficulties in multiple areas in the current year, with the club failing to pay players on time on five separate occasions, including in last month.
"Clearly Sheffield Wednesday has been a serious issue for football authorities and a substantial concern for English football," Kogan told.
"Wednesday stands as one of the iconic names for the English game and in recent days we have met Sheffield Wednesday supporters' groups.
"Our aim is to acquire the ability... which will enable us to take the club and similar situations referred to us if they warrant scrutiny and acted upon."
Economic Challenges and Ownership Situation
The club's controversial proprietor the Thai businessman suggested earlier this year he would be prepared to relinquish control at Hillsborough, but he has not been able to secure a deal with potential new owners.
Failure to pay player wages on time in March and May led to sanctions by the English Football League (EFL) in June, blocking the team from conducting any recruitment activities for the subsequent signing 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, Bury or any football club where people are committed to a regional establishment that has represented their community in many cases.
"I completely understand the club's situation, as I do for every team that in modern times have encountered failure, or been close to going to the wall, for factors unrelated to the fans themselves."
Questioned about whether the oversight body could require an proprietor to divest a club if they are considered unfit, the chairman responded: "If your question is 'would we intervene in the final instance?', the answer is once we collect the information 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 authority would rather to collaborate with owners.
"Our least desirable course of action is start getting involved with an specific team, an specific proprietor, without having the opportunity to collaborate with that chairman to fix the challenges confronting the team and the chairman's encountering," the chairman stated.
"In actuality, when you look back over the history of the game, over the last 20 or 30 years there have been some owners, a small minority, but certain individuals who have acted carelessly in the approach they have taken toward their clubs and ultimately don't wish to take responsibility for the long-term prospects."
Owls fans have been protesting against the current proprietor in recent months
'If we get it wrong, extraordinary progress vanishes'
The regulator engaged delegates from multiple organizations to explain the responsibilities of the regulator on Wednesday and stated it constituted a "proactive meeting" with a "significant participation" from the grassroots to elite level.
"The role holds considerable importance, because if we get it wrong, if the sport makes errors, the extraordinary progress that's been made might evaporate rapidly," Kogan said.
"This represents everyone's worst fear in the realm of domestic football is a substantial accomplishment - we need to continue the progress.
"Substantial financial resources coming into football and has come into football for the last 20 or 25 years, because there's no guarantee it will persist in entering the game, which is among the factors explaining I think we have to maintain a focused outlook on potential dangers and naturally, of the next two or three years."
Premier League Concerns
Elite division representatives objected to the establishment of an oversight body because of concerns about detrimental effects on the Premier League's sporting equality, but the chairman responded: "I'm absolutely committed to the success and growth as an economic entity of the Premier League.
"I of all people understand the concern of undermining the Premier League as a premium product of the nation. But at the same time, if you engage with division representatives after today's meeting, they would have had a substantial amount of confidence -and, in fact, they have been informing us confidentially they have a significant confidence."
Partisan Associations
The regulator remains subject to a "full inquiry" by the Commissioner for Public Appointments after he revealed he contributed money to the political party in recent years.
The official contributed funds to Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the government leader.
"I've been completely open about my previous political affiliation [with Labour], and that ideological connection terminated the day the parliamentary committee confirmed my selection," the regulator explained.
"I am presently disconnected from any sort of politics."
