'Our role is integral to football's future' - independent football regulator the new chairman
The Championship club's persistent issues represent a a "significant problem" and the independent regulator is seeking powers to investigate clubs in such situations, its new chair the official has announced.
In a wide-ranging interview, Kogan, who was appointed on Monday, voiced concern towards supporters of the Owls.
Kogan met with four supporter groups associated with the Championship side this week.
The football club have been struggling on and off the field in the current year, with the club delaying salary disbursements on five separate occasions, including in September.
"Obviously the club has become a major concern for the league and a major challenge for the sport," the chairman stated.
"Wednesday stands as one of the historic institutions for football in England and in recent days we have met supporters' organizations.
"Our aim is to acquire the ability... which will enable us to take Wednesday and comparable cases referred to us if they warrant scrutiny and dealt with."
Monetary Issues and Ownership Situation
Wednesday's embattled owner the current owner indicated in the summer he would be prepared to relinquish control at their home ground, 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, preventing the club from carrying out any transfers or loans for the following recruitment periods, although the ban was rescinded in August.
Authority's Position
The regulator explained: "Our role exists to serve the Owls followers, teams facing challenges where people are committed to a local institution that has been part of their lives in many cases.
"I fully appreciate the team's plight, as I do for each organization that over recent decades have faced collapse, or approached financial ruin, for reasons that have nothing to do with the supporters."
Inquired if the authority might compel an chairman to relinquish a club if they are judged inappropriate, Kogan said: "If your question is 'would we intervene in the final instance?', the answer is once we collect the information and know what's going on, we will."
But the regulator clarified that compelling proprietors to divest clubs would be viewed as the ultimate measure and the authority would rather to collaborate with owners.
"The final option we would consider is commence engagement with an specific team, an particular chairman, without being in a position to cooperate with that owner to try and resolve the problems affecting the organization and the proprietor's dealing with," the regulator explained.
"But the truth is, when you review the record of the sport, over the recent generations there have been some owners, a small minority, but certain individuals who have acted carelessly in the manner they have operated their clubs and ultimately decline to assume obligation for the future."
Sheffield Wednesday supporters have been protesting against owner Dejphon Chansiri in recent months
'Errors may undo substantial development'
Kogan met with representatives from 110 clubs to detail the scope of the authority recently and insisted it was a "forward-thinking discussion" with a "high level of engagement" from the National League to the Premier League.
"It's a job that's actually really important, because should mistakes occur, if the sport makes errors, the significant advances achieved could disappear rapidly," Kogan said.
"Such an outcome is universally undesirable in the realm of domestic football is a major achievement - we must maintain momentum.
"Substantial financial resources entering the sport and has come into football for the last 20 or 25 years, because there are no assurances it will keep flowing into the sport, which is part of the rationale behind I think we have to take a really clear view on risk and of course, of the immediate future."
Premier League Concerns
Elite division representatives objected to the creation of a regulator because of fears of a negative impact on the elite division's competitive balance, but the chairman responded: "I fully support the achievement and development as an commercial operation of the top division.
"I of all people understand the worry about compromising the top flight as an elite competition of the nation. But simultaneously, if you engage with division representatives after today's meeting, they would have had a substantial amount of confidence -and, in fact, they have been informing us confidentially they have a considerable comfort."
Ideological Links
The regulator remains subject to a "full inquiry" by the official appointments authority after he disclosed making donations to the Labour Party in the past.
The official donated money to government minister the minister's leadership bid, along with that of the government leader.
"I've been completely open about my previous political affiliation [with Labour], and that ideological connection terminated the day the select committee approved my appointment," the regulator explained.
"I am presently disconnected from any sort of politics."
