'Our role is integral to football's future' - newly appointed regulator the new chairman
The Championship club's ongoing struggles are seen as a "major concern" and the independent regulator is looking to gain the ability to investigate clubs in similar circumstances, its new chair the official has stated.
Through a comprehensive talk, Kogan, who was named to the position this week, showed understanding towards supporters of the Owls.
Kogan met with four fan organizations representing the football team recently.
The football club have been facing challenges both on and off the pitch in 2025, with the club missing wage payments on five separate occasions, including in the autumn.
"Clearly Sheffield Wednesday has been a serious issue for football authorities and a major challenge for the sport," the chairman stated.
"Wednesday stands as one of the iconic names for football in England and this week we have met Sheffield Wednesday supporters' groups.
"We are seeking authority... which will permit us to bring Sheffield Wednesday - and other clubs brought to our attention if they require examination and dealt with."
Economic Challenges and Ownership Situation
Wednesday's embattled owner the Thai businessman indicated in the summer he would be open to selling the club at Hillsborough, but he has not been able to secure a deal with prospective buyers.
Delayed salary payments on time in earlier this year resulted in restrictions being imposed by the English Football League (EFL) in June, blocking the team from conducting any transfers or loans for the following recruitment periods, although the ban was rescinded in August.
Regulator's Perspective
The chairman stated: "The job [of the regulator] is there for the Owls followers, other clubs in similar situations where fans are dedicated to a regional establishment that has represented their community in multiple situations.
"I have absolute sympathy for the club's situation, as I do for each organization that since 1992 have gone to the wall, or approached financial ruin, for causes separate from the fans themselves."
Inquired if the authority might compel an owner to sell 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 comprehend the circumstances, we will."
But Kogan stressed that forcing owners to sell 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 specific team, an specific proprietor, without having the opportunity to collaborate with that proprietor to address the challenges confronting the team and the owner's facing," Kogan said.
"However, realistically, when you review the record of the sport, over the recent generations there have been certain proprietors, not many, but particular people who have shown negligence in the manner they have operated their organizations and finally don't wish to take responsibility for the long-term prospects."
Sheffield Wednesday supporters have been protesting against the current proprietor during the current campaign
'Mistakes could erase significant advances'
Kogan met with officials from numerous teams to detail the scope of the authority recently and insisted it was a "forward-thinking discussion" with a "high level of engagement" from the grassroots to elite level.
"It's a job that's actually really important, because if we get it wrong, if the world of football gets it wrong, the remarkable development accomplished could disappear swiftly," the chairman stated.
"Such an outcome is universally undesirable in the terms of English football is a huge success story - we've got to keep it going.
"There's an enormous amount of money coming into football and has come into football for the last 20 or 25 years, because there are no assurances it will persist in entering the game, which is among the factors explaining I think we have to maintain a focused outlook on challenges and obviously, of the next two or three years."
Elite Division Worries
Top flight officials resisted the formation of an authority because of apprehensions regarding adverse consequences on the Premier League's sporting equality, but Kogan said: "I'm absolutely committed to the achievement and development as an financial organization of the elite league.
"I of all people understand the apprehension regarding damaging the division as a high-quality offering of England. But concurrently, if you engage with division representatives after this week's discussion, they would have had a substantial amount of confidence -and, indeed, they have been informing us confidentially they have a high level of reassurance."
Political Connections
The chairman continues to confront a "thorough examination" by the official appointments authority after he revealed he contributed money to the opposition group in the past.
The official provided financial support for 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've been completely open about my former ideological connection [with Labour], and that party membership ceased the day the parliamentary committee confirmed my selection," the regulator explained.
"I currently have no participation in any sort of politics."
