'We will play a key role in football's future' - independent football regulator the regulator's chair
The Championship club's ongoing struggles are seen as a "serious issue" and the new football authority is looking to gain the ability to examine team situations in comparable cases, the newly appointed chairman the official has announced.
During an extensive discussion, the chairman, who was recently selected, expressed "sympathy" towards supporters of the Owls.
Kogan met with four supporter groups connected to the South Yorkshire club this week.
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 September.
"Clearly Sheffield Wednesday has been a serious issue for football authorities and a substantial concern for English football," the regulator explained.
"The club represents one of the great brands for the English game and recently we have met fan representatives.
"We are seeking authority... which will allow us to have Sheffield Wednesday - and other clubs referred to us if they require examination and addressed."
Financial Struggles and Proprietorship Status
The team's struggling chairman Dejphon Chansiri suggested earlier this year he would be open to selling the club at the stadium, but he has been unable to finalize an agreement with interested parties.
Delayed salary payments on time in earlier this year caused limitations by the football authorities in June, blocking the team from conducting any player acquisitions for the following recruitment periods, although the ban was rescinded in late summer.
Authority's Position
The chairman stated: "The job [of the regulator] is there for the supporters of Wednesday, other clubs in similar situations where fans are dedicated to a regional establishment that has existed throughout their lifetimes in numerous instances.
"I fully appreciate the club's situation, as I do for all the clubs that since 1992 have gone to the wall, or nearly ceased operations, for reasons that have nothing to do with the supporters."
Inquired if the regulator could force an chairman to relinquish a club if they are considered unfit, the regulator answered: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we assemble the facts and comprehend the circumstances, we will."
But the chairman emphasized that requiring chairmen to relinquish clubs would be treated as a "last resort" and the authority would rather to work with them.
"The last thing what we want to do is begin intervening in an specific team, an specific proprietor, without having the opportunity to collaborate with that proprietor to address the problems affecting the organization and the owner's facing," Kogan said.
"But the truth is, when you review the record of the sport, over the past few decades there have been certain proprietors, a small minority, but certain individuals who have acted carelessly in the manner they have operated their teams and eventually decline to assume obligation for the coming years."
Wednesday followers have been demonstrating against the team's chairman this season
'Mistakes could erase significant advances'
Kogan met with officials from numerous teams to explain the responsibilities of the authority recently and stated it constituted a "forward-thinking discussion" with a "significant participation" from the lower divisions to the top flight.
"This position carries substantial significance, because should mistakes occur, if the sport makes errors, the remarkable development accomplished could disappear swiftly," the chairman stated.
"Such an outcome is universally undesirable in the terms of English football 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 take a really clear view on potential dangers and naturally, of the immediate future."
Elite Division Worries
Top flight officials resisted the establishment of an oversight body because of apprehensions regarding adverse consequences on the elite division's competitive balance, but Kogan said: "I fully support the success and growth as an commercial operation of the Premier League.
"Being fully aware of the concern of undermining the top flight as an elite competition of England. But at the same time, if you consult with top flight officials after today's meeting, they would have had a high level of reassurance -and, indeed, they have been telling us in private they have a high level of reassurance."
Ideological Links
The regulator remains subject to a "thorough examination" by the public appointments commissioner after he disclosed making donations to the Labour Party in recent years.
The 68-year-old donated money to government minister the politician's campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I've been completely open about my former ideological connection [with Labour], and that ideological connection terminated the day the parliamentary committee confirmed my selection," the regulator explained.
"I currently have no participation in any form of political activity."