'We will play a key role in football's future' - independent football regulator the new chairman
The team's ongoing struggles are seen as a "major concern" and the new football authority is seeking powers to examine team situations in similar circumstances, the recently named head the official has stated.
In a wide-ranging interview, Kogan, who was named to the position this week, voiced concern towards Wednesday's fanbase.
The regulator engaged with four fan organizations associated with the Championship side this week.
The Championship side have been experiencing difficulties in multiple areas in this season, with the club delaying salary disbursements on several different times, including in last month.
"Clearly Sheffield Wednesday has been a significant problem for EFL and a substantial concern for English football," the regulator explained.
"Sheffield Wednesday is one of the iconic names for football in England and recently we have met supporters' organizations.
"We are seeking authority... which will enable us to take Sheffield Wednesday - and other clubs referred to us if they need to be investigated and dealt with."
Financial Struggles and Ownership Situation
The club's controversial proprietor the Thai businessman indicated in the summer he would be willing to sell up at Hillsborough, but he has not been able to secure a deal with potential new owners.
Delayed salary payments on time in earlier this year led to sanctions by the football authorities in June, stopping Wednesday from completing any player acquisitions for the following recruitment periods, although that restriction was lifted in August.
Regulator's Perspective
The regulator explained: "The position was created for the fans of Sheffield Wednesday, other clubs in similar situations where fans are dedicated to a community organization that has been part of their lives in many cases.
"I fully appreciate the team's plight, as I do for all the clubs that in modern times have encountered failure, or been close to going to the wall, for reasons that have nothing to do with the fans themselves."
Questioned about whether the authority might compel an owner to sell a club if they are deemed unsuitable, the chairman responded: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we assemble the facts and understand the situation, we will."
But the regulator clarified that requiring chairmen to relinquish 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 begin intervening in an specific team, an particular chairman, without being able to work with that chairman to fix the challenges confronting the team and the chairman's encountering," Kogan said.
"However, realistically, when you review the record of the game, over the recent generations there have been certain proprietors, few in number, but certain individuals who have acted carelessly in the approach they have taken toward their clubs and ultimately refuse to accept accountability for the coming years."
Sheffield Wednesday supporters have been voicing opposition to the current proprietor during the current campaign
'Errors may undo substantial development'
The regulator engaged delegates from multiple organizations to detail the scope of the regulator on Wednesday and maintained it represented a "proactive meeting" with a "substantial involvement" from the grassroots to elite level.
"This position carries substantial significance, because should mistakes occur, if the sport makes errors, the extraordinary progress that's been made necessary will vanish incredibly quickly," the chairman stated.
"And that's what nobody wants in the realm of domestic football is a huge success story - we need to continue the progress.
"There's an enormous amount of money coming into football and has come into football for the recent generations, because certainty is lacking it will persist in entering the game, 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
The Premier League opposed the formation of an authority because of fears of a negative impact on the Premier League's sporting equality, but Kogan said: "I fully support the success and growth as an commercial operation of the Premier League.
"Being fully aware of the worry about compromising the Premier League as a premium product of this country. But concurrently, if you talk to the Premier League after this week's discussion, they would have had a high level of reassurance -and, actually, they have been advising us privately they have a considerable comfort."
Partisan Associations
The regulator remains subject to a "comprehensive investigation" by the official appointments authority after he acknowledged providing funds to the political party in the past.
The official donated money to government minister the minister's leadership bid, along with that of the government leader.
"I've been completely open about my previous political affiliation [with Labour], and that ideological connection terminated the day the select committee approved my appointment," the regulator explained.
"I am no longer involved in any form of political activity."