'We will play a key role in football's future' - football oversight chief the new chairman
The team's current difficulties are seen as a "serious issue" and the independent regulator is seeking powers to investigate clubs in similar circumstances, the newly appointed chairman the regulator has declared.
During an extensive discussion, the chairman, who was named to the position this week, showed understanding towards the club's followers.
The chairman convened with four fan organizations associated with the football team in recent days.
The football club have been struggling on and off the field in this season, with the club delaying salary disbursements on several different times, including in September.
"Clearly Sheffield Wednesday has been a serious issue for football authorities and a major challenge for the sport," Kogan told.
"Wednesday stands as one of the historic institutions for football in England and this week we have met Sheffield Wednesday supporters' groups.
"Our aim is to acquire the ability... which will permit us to bring the club and similar situations referred to us if they require examination and dealt with."
Economic Challenges and Ownership Situation
Wednesday's embattled owner the current owner indicated in the summer he would be open to selling the club at Hillsborough, but he has been unable to finalize an agreement with interested parties.
Failure to pay player wages on time in earlier this year led to sanctions by the English Football League (EFL) in mid-year, blocking the team from conducting any recruitment activities for the next three transfer windows, although those limitations were removed in late summer.
Authority's Position
Kogan said: "The position was created for the supporters of Wednesday, other clubs in similar situations where supporters are loyal to a community organization that has existed throughout their lifetimes in multiple situations.
"I completely understand Sheffield Wednesday, as I do for every team that since 1992 have gone to the wall, or been close to going to the wall, for factors unrelated to the supporters."
When asked if the regulator could force an owner to sell a club if they are judged inappropriate, the chairman responded: "If your question is 'would we intervene in the final instance?', the answer is once we gather the evidence and know what's going on, we will."
But Kogan stressed that forcing owners to sell clubs would be viewed as the ultimate measure and the authority would rather to work with them.
"The last thing what we want to do is begin intervening in an specific team, an individual owner, without being in a position to cooperate with that owner to try and resolve the challenges confronting the team and the chairman's encountering," the chairman stated.
"In actuality, when you review the record of the game, over the past few decades there have been particular chairmen, a small minority, 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 the team's chairman during the current campaign
'Mistakes could erase significant advances'
Kogan met with officials from numerous teams to lay out the remit of the regulator on Wednesday and maintained it represented a "proactive meeting" with a "significant participation" from the National League to the Premier League.
"This position carries substantial significance, because if we get it wrong, if the football community fails, the extraordinary progress that's been made could disappear incredibly quickly," Kogan said.
"Such an outcome is universally undesirable in the context of the English game is a huge success story - we need to continue the progress.
"Considerable investment entering the sport and has been channeled for the recent generations, because there's no guarantee it will continue to come into football, which is one of the reasons why I think we have to take a really clear view on potential dangers and naturally, of the coming seasons."
Elite Division Worries
The Premier League opposed the creation of a regulator because of apprehensions regarding adverse consequences on the top-flight's competitiveness, but Kogan said: "I'm absolutely committed to the achievement and development as an financial organization of the Premier League.
"Being fully aware of the worry about compromising the Premier League as a premium product of England. But at the same time, if you consult with top flight officials after today's meeting, they would have had a high level of reassurance -and, actually, they have been informing us confidentially they have a considerable comfort."
Political Connections
The regulator remains subject to a "comprehensive investigation" by the official appointments authority after he revealed he contributed money to the Labour Party in the past.
The 68-year-old donated money to Culture Secretary the politician's campaign, along with that of the government leader.
"I have fully disclosed 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 no longer involved in any form of political activity."
