'We will play a key role in football's future' - football oversight chief the new chairman
The Championship club's current difficulties are seen as a "major concern" and the football regulator is aiming to acquire authority to investigate clubs in such situations, the recently named head the official has stated.
During an extensive discussion, the chairman, who was recently selected, showed understanding towards Wednesday's fanbase.
Kogan met with four supporters' associations connected to the football team recently.
The Championship side have been facing challenges both on and off the pitch in this season, with the club failing to pay players on time on multiple instances, including in the autumn.
"Obviously the club has become a significant problem for EFL and a significant problem for football," the regulator explained.
"Sheffield Wednesday is one of the historic institutions for the English game and this week we have met supporters' organizations.
"Our aim is to acquire the ability... which will enable us to take Sheffield Wednesday - and other clubs submitted for our review if they warrant scrutiny and addressed."
Monetary Issues and Leadership Concerns
Wednesday's embattled owner the current owner suggested earlier this year he would be prepared to relinquish control at their home ground, but he has not been able to secure a deal with potential new owners.
Delayed salary payments on time in spring months led to sanctions by the league officials in June, preventing the club from carrying out any transfers or loans for the next three transfer windows, although that restriction was lifted in August.
Official's Viewpoint
Kogan said: "Our role exists to serve the fans of Sheffield Wednesday, Bury or any football club where people are committed to a community organization that has been part of their lives in many cases.
"I have absolute sympathy for 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 followers."
When asked if the oversight body could require an owner to sell a club if they are considered unfit, Kogan said: "When asking whether 'would we intervene in the final instance?', the reply is once we collect the information 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 oversight body would choose to collaborate with owners.
"The last thing what we want to do is begin intervening in an specific team, an individual owner, without having the opportunity to collaborate with that chairman to fix the problems affecting the organization and the proprietor's dealing with," the regulator explained.
"However, realistically, when you review the record of football, over the recent generations there have been some owners, few in number, but certain individuals who have acted carelessly in the manner they have operated their teams and eventually decline to assume obligation for the long-term prospects."
Wednesday followers have been demonstrating against owner Dejphon Chansiri during the current campaign
'If we get it wrong, extraordinary progress vanishes'
Kogan met with representatives from 110 clubs to explain the responsibilities of the authority recently and insisted it was a "progressive gathering" with a "significant participation" from the lower divisions to the top flight.
"This position carries substantial significance, because should mistakes occur, if the football community fails, the extraordinary progress that's been made might evaporate incredibly quickly," the regulator warned.
"Such an outcome is universally undesirable in the context of the English game is a major achievement - we've got to keep it going.
"Substantial financial resources entering the sport and has come into football for the past two decades, because there's no guarantee it will keep flowing into the sport, which is one of the reasons why I think we have to take a really clear view on potential dangers and naturally, of the immediate future."
Top Flight Apprehensions
Elite division representatives objected to the establishment of an oversight body because of concerns about detrimental effects on the top-flight's competitiveness, but the chairman responded: "I completely endorse the success and growth as an financial organization of the Premier League.
"I of all people understand the worry about compromising the top flight as an elite competition of this country. But simultaneously, if you engage with division representatives after this week's discussion, they would have had a high level of reassurance -and, actually, they have been advising us privately they have a considerable comfort."
Partisan Associations
Kogan is still facing a "full inquiry" by the public appointments commissioner after he disclosed making donations to the Labour Party in 2020.
The chairman contributed funds to Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.
"I have been entirely transparent regarding my previous political affiliation [with Labour], and that party membership ceased the day the parliamentary committee confirmed my selection," the chairman stated.
"I am presently disconnected from any form of political activity."