'Our role is integral to football's future' - football oversight chief the new chairman
The Championship club's ongoing struggles are seen as a "serious issue" and the new football authority is seeking powers to investigate clubs in comparable cases, its new chair the official has stated.
During an extensive discussion, Kogan, who was named to the position this week, expressed "sympathy" towards Wednesday's fanbase.
The regulator engaged with four supporters' associations connected to the South Yorkshire club recently.
The team have been experiencing difficulties in multiple areas in 2025, with the club failing to pay players on time on five separate occasions, including in last month.
"Evidently Wednesday represents a major concern for the league and a major challenge for the sport," Kogan told.
"Wednesday stands as one of the iconic names for football in England and this week we have met fan representatives.
"We're now looking to get powers... 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 team's struggling chairman Dejphon Chansiri suggested earlier this year he would be prepared to relinquish control at the stadium, but he has not been able to secure a deal with prospective buyers.
Failure to pay player wages on time in March and May resulted in restrictions being imposed by the football authorities in mid-year, preventing the club from carrying out any transfers or loans for the next three transfer windows, although the ban was rescinded in the end of the transfer window.
Regulator's Perspective
The chairman stated: "The job [of the regulator] is there for the Owls followers, teams facing challenges where people are committed to a local institution that has existed throughout their lifetimes in multiple situations.
"I fully appreciate Sheffield Wednesday, as I do for every team that over recent decades have faced collapse, or nearly ceased operations, for factors unrelated to the fans themselves."
When asked if the oversight body could require an proprietor to divest a club if they are considered unfit, the chairman responded: "If your question is 'would we intervene in the final instance?', the reply is once we collect the information and understand the situation, we will."
But the regulator clarified that compelling proprietors to divest clubs would be viewed as the ultimate measure and the oversight body would choose to work with them.
"The last thing what we want to do is begin intervening in an specific team, an specific proprietor, without being in a position to cooperate with that chairman to fix the challenges confronting the team and the chairman's encountering," the regulator explained.
"However, realistically, when you look back over the history of the sport, over the past few decades there have been some owners, few in number, but some who have been irresponsible in the approach they have taken toward their teams and eventually don't wish to take responsibility for the future."
Owls fans have been voicing opposition to the current proprietor during the current campaign
'If we get it wrong, extraordinary progress vanishes'
The regulator engaged officials from numerous teams to explain the responsibilities of the oversight body this week and insisted it was a "forward-thinking discussion" with a "substantial involvement" from the National League to the Premier League.
"It's a job that's actually really important, because should mistakes occur, if the world of football gets it wrong, the extraordinary progress that's been made necessary will vanish incredibly quickly," Kogan said.
"And that's what nobody wants in the realm of domestic football is a substantial accomplishment - we must maintain momentum.
"Considerable investment coming into football and has been invested for the recent generations, because there are no assurances it will persist in entering the game, which is one of the reasons why I think we have to adopt a precise perspective on challenges and obviously, of the coming seasons."
Premier League Concerns
Elite division representatives objected to the creation of a regulator because of fears of a negative impact on the top-flight's competitiveness, but Kogan said: "I completely endorse the success and growth as an commercial operation of the Premier League.
"As someone who appreciates the apprehension regarding damaging the division as a high-quality offering of England. 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 telling us in private they have a significant confidence."
Political Connections
The chairman continues to confront a "comprehensive investigation" by the public appointments commissioner after he disclosed making donations to the opposition group in recent years.
The official contributed funds to Culture Secretary the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.
"I have been entirely transparent regarding my past party membership [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," Kogan said.
"I currently have no participation in any form of political activity."
