'Our role is integral to football's future' - newly appointed regulator the new chairman
The Championship club's persistent issues constitute a "major concern" and the independent regulator is seeking powers to investigate clubs in comparable cases, its new chair the regulator has declared.
In a wide-ranging interview, Kogan, who was appointed on Monday, voiced concern towards Wednesday's fanbase.
The regulator engaged with four supporter groups connected to the Championship side in recent days.
The team have been facing challenges both on and off the pitch in 2025, with the club failing to pay players on time on multiple instances, including in September.
"Evidently Wednesday represents a major concern for the league and a significant problem for football," Kogan told.
"Wednesday stands as one of the historic institutions for English football and in recent days we have met Sheffield Wednesday supporters' groups.
"Our aim is to acquire the ability... which will enable us to take the club and similar situations brought to our attention if they need to be investigated and addressed."
Economic Challenges and Ownership Situation
Wednesday's embattled owner the Thai businessman suggested earlier this year he would be willing to sell up at Hillsborough, but he has failed to complete a sale with interested parties.
Failure to pay player wages on time in earlier this year led to sanctions by the English Football League (EFL) in summer, stopping Wednesday from completing any recruitment activities for the subsequent signing windows, although the ban was rescinded in August.
Authority's Position
Kogan said: "Our role exists to serve the fans of Sheffield Wednesday, teams facing challenges where supporters are loyal to a community organization that has existed throughout their lifetimes in multiple situations.
"I completely understand the team's plight, as I do for every team that over recent decades have faced collapse, or been close to going to the wall, for reasons that have nothing to do with the followers."
When asked if the oversight body could require an chairman to relinquish a club if they are judged inappropriate, the regulator answered: "If your question is 'would we intervene in the final instance?', the response would be 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 authority would rather to work with them.
"The final option we would consider is start getting involved with an particular organization, an particular chairman, without having the opportunity to collaborate with that chairman to fix the problems affecting the organization and the proprietor's dealing with," Kogan said.
"But the truth is, when you examine the past of the game, over the past few decades there have been particular chairmen, a small minority, but particular people who have shown negligence in the manner they have operated their clubs and ultimately refuse to accept accountability for the long-term prospects."
Owls fans have been voicing opposition to the current proprietor during the current campaign
'Errors may undo substantial development'
The regulator engaged officials from numerous teams to lay out the remit of the regulator on Wednesday and stated it constituted a "progressive gathering" with a "high level of engagement" from the National League to the Premier League.
"The role holds considerable importance, because if we get it wrong, if the football community fails, the extraordinary progress that's been made necessary will vanish incredibly quickly," Kogan said.
"This represents everyone's worst fear in the terms of English football is a huge success story - we need to continue the progress.
"There's an enormous amount of money entering the sport and has been channeled for the last 20 or 25 years, because there's no guarantee it will continue to come into football, which is part of the rationale behind I think we have to take a really clear view on challenges and obviously, of the immediate future."
Top Flight Apprehensions
The Premier League opposed the creation of a regulator because of concerns about detrimental effects on the elite division's competitive balance, but Kogan said: "I'm absolutely committed to the achievement and development as an financial organization of the elite league.
"As someone who appreciates the concern of undermining the top flight as an elite competition of England. But concurrently, if you consult with top flight officials after the recent gathering, they would have had a substantial amount of confidence -and, indeed, they have been telling us in private they have a high level of reassurance."
Ideological Links
The chairman continues to confront a "thorough examination" by the public appointments commissioner after he revealed he contributed money to the Labour Party in the past.
The 68-year-old contributed funds to Culture Secretary the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.
"I've been completely open about my previous political affiliation [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," Kogan said.
"I am presently disconnected from any type of partisan engagement."
