'We are going to be a part of football's future' - independent football regulator the new chairman
The team's ongoing struggles constitute a "major concern" and the independent regulator is seeking powers to investigate clubs in comparable cases, the newly appointed chairman the official has announced.
Through a comprehensive talk, the chairman, who was named to the position this week, showed understanding towards supporters of the Owls.
Kogan met with four fan organizations connected to the South Yorkshire club in recent days.
The football club have been struggling on and off the field in the current year, with the club missing wage payments on five separate occasions, including in September.
"Evidently Wednesday represents a serious issue for football authorities and a substantial concern for English football," the chairman stated.
"Sheffield Wednesday is one of the historic institutions for the English game and this week we have met fan representatives.
"We are seeking authority... which will allow us to have Wednesday and comparable cases submitted for our review if they need to be investigated and addressed."
Monetary Issues and Ownership Situation
The club's controversial proprietor the current owner suggested earlier this year he would be willing to sell up at Hillsborough, but he has failed to complete a sale with interested parties.
Delayed salary payments on time in March and May led to sanctions by the league officials in mid-year, blocking the team from conducting any recruitment activities for the subsequent signing windows, although those limitations were removed in the end of the transfer window.
Official's Viewpoint
The regulator explained: "Our role exists to serve the fans of Sheffield Wednesday, teams facing challenges where fans are dedicated to a community organization that has represented their community in multiple situations.
"I completely understand the team's plight, as I do for each organization that over recent decades have faced collapse, or been close to going to the wall, for reasons that have nothing to do with the supporters."
When asked if the authority might compel an owner to sell a club if they are deemed unsuitable, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the response would be once we assemble the facts and comprehend the circumstances, we will."
But the chairman emphasized that compelling proprietors to divest 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 start getting involved with an particular organization, an specific proprietor, without being in a position to cooperate with that proprietor to address the issues that the club's facing and the proprietor's dealing with," the regulator explained.
"However, realistically, when you examine the past of the sport, over the recent generations there have been particular chairmen, few in number, but some who have been irresponsible in the approach they have taken toward their clubs and ultimately don't wish to take responsibility for the future."
Sheffield Wednesday supporters have been demonstrating against owner Dejphon Chansiri in recent months
'Mistakes could erase significant advances'
The chairman convened with representatives from 110 clubs to detail the scope of the regulator on Wednesday and stated it constituted a "proactive meeting" with a "high level of engagement" from the grassroots to elite level.
"The role holds considerable importance, because should mistakes occur, if the world of football gets it wrong, the remarkable development accomplished could disappear swiftly," Kogan said.
"This represents everyone's worst fear in the realm of domestic football is a substantial accomplishment - we've got to keep it going.
"Substantial financial resources entering the sport and has been invested for the past two decades, because certainty is lacking it will persist in entering the game, which is among the factors explaining I think we have to adopt a precise perspective on challenges and obviously, of the coming seasons."
Top Flight Apprehensions
The Premier League opposed the formation of an authority because of concerns about detrimental effects on the top-flight's competitiveness, but the regulator stated: "I completely endorse the achievement and development as an commercial operation of the top division.
"I of all people understand the apprehension regarding damaging the top flight as an elite competition of this country. But simultaneously, if you consult with top flight officials after today's meeting, they would have had a significant degree of comfort -and, indeed, they have been informing us confidentially they have a considerable comfort."
Ideological Links
The chairman continues to confront a "comprehensive investigation" by the official appointments authority after he acknowledged providing funds to the Labour Party in recent years.
The 68-year-old donated money to Culture Secretary the minister's leadership bid, along with that of the government leader.
"I have been entirely transparent regarding my past party membership [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 sort of politics."