'Our role is integral to football's future' - independent football regulator the new chairman
The Championship club's current difficulties represent a a "significant problem" and the football regulator is looking to gain the ability to examine team situations in similar circumstances, the recently named head the regulator has declared.
In a wide-ranging interview, Kogan, who was named to the position this week, voiced concern towards the club's followers.
Kogan met with four supporter groups connected to the South Yorkshire club recently.
The football club have been experiencing difficulties in multiple areas in this season, with the club failing to pay players on time on five separate occasions, including in the autumn.
"Obviously the club has become a major concern for the league and a significant problem for football," the regulator explained.
"Wednesday stands as one of the great brands for the English game and this week we have met fan representatives.
"Our aim is to acquire the ability... which will permit us to bring Wednesday and comparable cases submitted for our review if they need to be investigated and addressed."
Economic Challenges and Proprietorship Status
Wednesday's embattled owner Dejphon Chansiri 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 interested parties.
Failure to pay player wages on time in earlier this year resulted in restrictions being imposed by the league officials in June, blocking the team from conducting any player acquisitions for the next three transfer windows, although the ban was rescinded in August.
Authority's Position
The regulator explained: "Our role exists to serve the fans of Sheffield Wednesday, teams facing challenges where supporters are loyal to a regional establishment that has been part of their lives in many cases.
"I have absolute sympathy for the team's plight, as I do for each organization that over recent decades have faced collapse, or nearly ceased operations, for factors unrelated to the fans themselves."
Questioned about whether the oversight body could require 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 reply is once we gather the evidence and comprehend the circumstances, we will."
But Kogan stressed that requiring chairmen to relinquish clubs would be viewed as the ultimate measure and the regulator would prefer to cooperate with proprietors.
"The final option we would consider is commence engagement with an particular organization, an specific proprietor, without being able to work with that owner to try and resolve the issues that the club's facing and the proprietor's dealing with," the regulator explained.
"But the truth is, when you look back over the history of football, over the past few decades there have been certain proprietors, a small minority, but certain individuals who have acted carelessly in the manner they have operated their organizations and finally don't wish to take responsibility for the coming years."
Owls fans have been protesting against the team's chairman during the current campaign
'If we get it wrong, extraordinary progress vanishes'
The chairman convened with representatives from 110 clubs to lay out the remit of the authority recently and stated it constituted a "forward-thinking discussion" with a "significant participation" 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 swiftly," Kogan said.
"Such an outcome is universally undesirable in the context of the English game 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 recent generations, because there are no assurances it will keep flowing into the sport, which is part of the rationale behind I think we have to maintain a focused outlook on challenges and obviously, of the coming seasons."
Top Flight Apprehensions
Top flight officials resisted the formation of an authority because of concerns about detrimental effects on the Premier League's sporting equality, but the chairman responded: "I completely endorse the prosperity and expansion as an economic entity of the elite league.
"As someone who appreciates the concern of undermining the Premier League as a premium product of this country. But simultaneously, if you talk to the Premier League after the recent gathering, they would have had a high level of reassurance -and, actually, they have been informing us confidentially they have a significant confidence."
Partisan Associations
The chairman continues to confront a "full inquiry" by the Commissioner for Public Appointments after he acknowledged providing funds to the political party in recent years.
The official donated money to Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the government leader.
"I have fully disclosed my past party membership [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," Kogan said.
"I currently have no participation in any type of partisan engagement."
