'Our role is integral to football's future' - football oversight chief the new chairman
The team's persistent issues represent a a "significant problem" and the independent regulator is aiming to acquire authority to examine team situations in similar circumstances, the recently named head the regulator has announced.
During an extensive discussion, the regulator, who was appointed on Monday, voiced concern towards the club's followers.
Kogan met with four supporters' associations connected to the Championship side in recent days.
The football club have been struggling on and off the field in this season, with the club delaying salary disbursements on several different times, including in last month.
"Evidently Wednesday represents a major concern for the league and a significant problem for football," the regulator explained.
"Wednesday stands as one of the historic institutions for English football and this week we have met supporters' organizations.
"Our aim is to acquire the ability... which will enable us to take Wednesday and comparable cases submitted for our review if they require examination and dealt with."
Monetary Issues and Ownership Situation
Wednesday's embattled owner the Thai businessman suggested earlier this year he would be willing to sell up at Hillsborough, but he has failed to complete a sale with prospective buyers.
Failure to pay player wages on time in earlier this year resulted in restrictions being imposed by the league officials in mid-year, preventing the club from carrying out any player acquisitions for the next three transfer windows, although the ban was rescinded in late summer.
Authority's Position
Kogan said: "The position was created for the Owls followers, other clubs in similar situations where supporters are loyal to a regional establishment that has been part of their lives in multiple situations.
"I fully appreciate the team's plight, as I do for every team that over recent decades have faced collapse, or nearly ceased operations, for reasons that have nothing to do with the supporters."
Questioned about whether the authority might compel 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 gather the evidence and comprehend the circumstances, we will."
But Kogan stressed that requiring chairmen to relinquish clubs would be considered the final option and the authority would rather to collaborate with owners.
"Our least desirable course of action is commence engagement with an particular organization, an specific proprietor, without being able to work with that owner to try and resolve the issues that the club's facing and the chairman's encountering," the chairman stated.
"But the truth is, when you review the record of the sport, over the recent generations there have been particular chairmen, not many, but particular people who have shown negligence in the way which they've been managing their teams and eventually refuse to accept accountability for the future."
Sheffield Wednesday supporters have been demonstrating against the current proprietor this season
'Errors may undo substantial development'
The chairman convened with officials from numerous teams to detail the scope of the oversight body this week and stated it constituted a "progressive gathering" with a "high level of engagement" from the lower divisions to the top flight.
"This position carries substantial significance, because if errors are made, if the world of football gets it wrong, the remarkable development accomplished might evaporate rapidly," Kogan said.
"And that's what nobody wants in the context of the English game is a major achievement - we need to continue the progress.
"Considerable investment flowing into the game and has come into football for the recent generations, because certainty is lacking it will keep flowing into the sport, which is one of the reasons why I think we have to maintain a focused outlook on potential dangers and naturally, of the next two or three years."
Premier League Concerns
Top flight officials resisted the formation of an authority because of apprehensions regarding adverse consequences on the elite division's competitive balance, but the regulator stated: "I'm absolutely committed to the success and growth as an economic entity of the elite league.
"As someone who appreciates the worry about compromising the top flight as an elite competition of the nation. But concurrently, if you engage with division representatives after the recent gathering, they would have had a significant degree of comfort -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 Commissioner for Public Appointments after he revealed he contributed money to the Labour Party in the past.
The chairman contributed funds to Culture Secretary Lisa Nandy's leadership campaign, along with that of the current Prime Minister.
"I have fully disclosed my former ideological connection [with Labour], and that party membership ceased the day the parliamentary committee confirmed my selection," the chairman stated.
"I am no longer involved in any form of political activity."
