'We are going to be a part of football's future' - football oversight chief the new chairman
The Championship club's persistent issues constitute a "serious issue" and the independent regulator is aiming to acquire authority to look into club affairs in comparable cases, its new chair the official has stated.
In a wide-ranging interview, Kogan, who was appointed on Monday, expressed "sympathy" towards supporters of the Owls.
The regulator engaged with four supporters' associations associated with the South Yorkshire club recently.
The team have been experiencing difficulties in multiple areas in the current year, with the club delaying salary disbursements on multiple instances, including in the autumn.
"Evidently Wednesday represents a significant problem for EFL and a major challenge for the sport," the chairman stated.
"Sheffield Wednesday is one of the great brands for the English game and in recent days we have met Sheffield Wednesday supporters' groups.
"Our aim is to acquire the ability... which will permit us to bring Wednesday and comparable cases brought to our attention if they need to be investigated and acted upon."
Economic Challenges and Proprietorship Status
Wednesday's embattled owner the Thai businessman suggested earlier this year he would be willing to sell up at Hillsborough, but he has been unable to finalize an agreement with interested parties.
Delayed salary payments on time in March and May resulted in restrictions being imposed by the league officials in June, blocking the team from conducting any recruitment activities for the subsequent signing windows, although the ban was rescinded in the end of the transfer window.
Official's Viewpoint
The regulator explained: "The job [of the regulator] is there for the Owls followers, Bury or any football club where fans are dedicated to a local institution that has represented their community in many cases.
"I completely understand Sheffield Wednesday, as I do for each organization that in modern times have encountered failure, or approached financial ruin, for factors unrelated to the supporters."
Questioned about whether the authority might compel an proprietor to divest a club if they are considered unfit, the regulator answered: "If your question is 'would we intervene in the final instance?', the answer is once we collect the information and understand the situation, we will."
But Kogan stressed that requiring chairmen to relinquish clubs would be treated as a "last resort" and the regulator would prefer to collaborate with owners.
"The final option we would consider is commence engagement with an particular organization, an individual owner, without being able to work with that chairman to fix the challenges confronting the team and the owner's facing," Kogan said.
"But the truth is, when you examine the past of the game, over the recent generations there have been certain proprietors, few in number, but some who have been irresponsible in the approach they have taken toward their organizations and finally decline to assume obligation for the future."
Sheffield Wednesday supporters have been protesting against owner Dejphon Chansiri in recent months
'Mistakes could erase significant advances'
Kogan met with officials from numerous teams to explain the responsibilities of the regulator on Wednesday and maintained it represented a "proactive meeting" with a "substantial involvement" from the National League to the Premier League.
"The role holds considerable importance, because if we get it wrong, if the sport makes errors, the significant advances achieved necessary will vanish incredibly quickly," the regulator warned.
"Such an outcome is universally undesirable in the context of the English game is a major achievement - we must maintain momentum.
"Considerable investment coming into football and has come into football for the last 20 or 25 years, because there's no guarantee 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."
Elite Division Worries
The Premier League opposed the establishment of an oversight body because of fears of a negative impact on the Premier League's sporting equality, but the regulator stated: "I'm absolutely committed to the achievement and development as an financial organization of the elite league.
"As someone who appreciates the concern of undermining the Premier League as a premium product of the nation. But simultaneously, if you consult with top flight officials after this week's discussion, they would have had a significant degree of comfort -and, indeed, they have been informing us confidentially they have a significant confidence."
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 donated money to Culture Secretary the politician's campaign, along with that of the current Prime Minister.
"I have been entirely transparent regarding my previous political affiliation [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," Kogan said.
"I am presently disconnected from any form of political activity."
