'We are going to be a part of football's future' - independent football regulator the regulator's chair
The team's current difficulties represent a a "major concern" and the independent regulator is looking to gain the ability to examine team situations in comparable cases, the recently named head the regulator has announced.
In a wide-ranging interview, Kogan, who was named to the position this week, expressed "sympathy" towards Wednesday's fanbase.
The chairman convened with four fan organizations representing the football team this week.
The team have been facing challenges both on and off the pitch in the current year, with the club missing wage payments on multiple instances, including in September.
"Obviously the club has become a major concern for the league and a major challenge for the sport," Kogan told.
"The club represents one of the great brands for the English game and in recent days we have met Sheffield Wednesday supporters' groups.
"We are seeking authority... which will enable us to take Sheffield Wednesday - and other clubs brought to our attention if they warrant scrutiny and acted upon."
Economic Challenges and Leadership Concerns
Wednesday's embattled owner Dejphon Chansiri indicated in the summer he would be prepared to relinquish control at the stadium, 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 league officials in June, preventing the club from carrying out any player acquisitions for the following recruitment periods, although those limitations were removed in August.
Authority's Position
The chairman stated: "The position was created for the fans of Sheffield Wednesday, teams facing challenges where supporters are loyal to a local institution that has existed throughout their lifetimes in multiple situations.
"I have absolute sympathy for Sheffield Wednesday, as I do for all the clubs that in modern times have encountered failure, or been close to going to the wall, for causes separate from the followers."
Inquired if the authority might compel an chairman to relinquish a club if they are deemed unsuitable, the regulator answered: "If your question is 'would we intervene in the final instance?', the answer is once we assemble the facts and comprehend the circumstances, we will."
But Kogan stressed that compelling proprietors to divest clubs would be viewed as the ultimate measure and the regulator would prefer to cooperate with proprietors.
"The last thing what we want to do is commence engagement with an particular organization, an specific proprietor, without being in a position to cooperate with that chairman to fix the problems affecting the organization and the proprietor's dealing with," the regulator explained.
"But the truth is, when you examine the past of the game, over the recent generations there have been particular chairmen, a small minority, but particular people who have shown negligence in the manner they have operated their clubs and ultimately don't wish to take responsibility for the long-term prospects."
Wednesday followers have been protesting against the team's chairman during the current campaign
'If we get it wrong, extraordinary progress vanishes'
Kogan met with representatives from 110 clubs to detail the scope of the oversight body this week and stated it constituted a "progressive gathering" with a "significant participation" from the grassroots to elite level.
"The role holds considerable importance, because if we get it wrong, if the world of football gets it wrong, the extraordinary progress that's been made might evaporate incredibly quickly," the regulator warned.
"And that's what nobody wants in the terms of English football is a major achievement - we must maintain momentum.
"There's an enormous amount of money flowing into the game and has been channeled for the last 20 or 25 years, because there are no assurances it will keep flowing into the sport, which is among the factors explaining I think we have to maintain a focused outlook on risk and of course, of the immediate future."
Elite Division Worries
Elite division representatives objected to the creation of a regulator because of apprehensions regarding adverse consequences on the top-flight's competitiveness, but the chairman responded: "I'm absolutely committed to the success and growth as an commercial operation of the Premier League.
"Being fully aware of the worry about compromising the division as a high-quality offering of the nation. But concurrently, if you talk to the Premier League after the recent gathering, they would have had a substantial amount of confidence -and, indeed, they have been advising us privately they have a significant confidence."
Partisan Associations
The chairman continues to confront a "comprehensive investigation" by the public appointments commissioner after he revealed he contributed money to the opposition group in the past.
The official contributed funds to government minister the minister's leadership bid, along with that of the current Prime Minister.
"I've been completely open about my past party membership [with Labour], and that ideological connection terminated the day the select committee approved my appointment," Kogan said.
"I am no longer involved in any sort of politics."
