'Our role is integral to football's future' - football oversight chief the regulator's chair
The team's current difficulties constitute a "major concern" and the independent regulator is aiming to acquire authority to examine team situations in comparable cases, the newly appointed chairman the official has announced.
During an extensive discussion, Kogan, who was appointed on Monday, voiced concern towards the club's followers.
The regulator engaged with four supporter groups representing the Championship side in recent days.
The Championship side have been experiencing difficulties in multiple areas in the current year, with the club missing wage payments on several different times, including in September.
"Evidently Wednesday represents a major concern for the league and a significant problem for football," Kogan told.
"Sheffield Wednesday is one of the great brands for football in England and recently we have met Sheffield Wednesday supporters' groups.
"Our aim is to acquire the ability... which will permit us to bring Sheffield Wednesday - and other clubs submitted for our review if they need to be investigated and dealt with."
Financial Struggles and Leadership Concerns
The club's controversial proprietor the Thai businessman stated during the off-season he would be prepared to relinquish control at their home ground, but he has failed to complete a sale with prospective buyers.
Missed wage deadlines on time in earlier this year resulted in restrictions being imposed by the football authorities in June, preventing the club from carrying out any player acquisitions for the subsequent signing windows, although the ban was rescinded in late summer.
Authority's Position
The regulator explained: "The position was created for the supporters of Wednesday, Bury or any football club where supporters are loyal to a local institution that has represented their community in many cases.
"I fully appreciate the team's plight, as I do for each organization that since 1992 have gone to the wall, or been close to going to the wall, for factors unrelated to the followers."
Inquired if the oversight body could require an proprietor to divest a club if they are judged inappropriate, the regulator answered: "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 Kogan stressed that forcing owners to sell clubs would be considered the final option 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 able to work with that proprietor to address the challenges confronting the team and the chairman's encountering," the chairman stated.
"In actuality, when you look back over the history of the game, over the recent generations there have been certain proprietors, not many, but some who have been irresponsible in the approach they have taken toward their clubs and ultimately refuse to accept accountability for the long-term prospects."
Owls fans have been protesting against owner Dejphon Chansiri during the current campaign
'Errors may undo substantial development'
Kogan met with officials from numerous teams to explain the responsibilities of the oversight body this week and maintained it represented a "progressive gathering" with a "high level of engagement" from the lower divisions to the top flight.
"The role holds considerable importance, because if we get it wrong, if the football community fails, the remarkable development accomplished necessary will vanish rapidly," the regulator warned.
"Such an outcome is universally undesirable in the context of the English game is a huge success story - we need to continue the progress.
"There's an enormous amount of money flowing into the game and has come into football for the last 20 or 25 years, because there are no assurances it will continue to come into football, which is among the factors explaining I think we have to adopt a precise perspective on challenges and obviously, of the next two or three years."
Premier League Concerns
Top flight officials resisted the establishment of an oversight body because of fears of a negative impact on the top-flight's competitiveness, 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 division as a high-quality offering of the nation. But concurrently, if you talk to the Premier League 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 considerable comfort."
Partisan Associations
The regulator remains subject to a "thorough examination" by the official appointments authority after he revealed he contributed money to the opposition group in the past.
The official contributed funds to Culture Secretary the minister's leadership bid, along with that of the current Prime Minister.
"I've been completely open about my former ideological connection [with Labour], and that ideological connection terminated the day the select committee approved my appointment," Kogan said.
"I am no longer involved in any type of partisan engagement."
