'We are going to be a part of football's future' - newly appointed regulator the regulator's chair
The team's persistent issues represent a a "significant problem" and the football regulator is looking to gain the ability to look into club affairs in similar circumstances, the newly appointed chairman the official has announced.
In a wide-ranging interview, Kogan, who was named to the position this week, expressed "sympathy" towards Wednesday's fanbase.
Kogan met with four supporter groups associated with the Championship side this week.
The Championship side have been struggling on and off the field in 2025, with the club delaying salary disbursements on multiple instances, including in last month.
"Obviously the club has become a major concern for the league and a substantial concern for English football," the chairman stated.
"Wednesday stands as one of the historic institutions for English football and this week we have met Sheffield Wednesday supporters' groups.
"We're now looking to get powers... which will permit us to bring Sheffield Wednesday - and other clubs referred to us if they need to be investigated and acted upon."
Financial Struggles and Leadership Concerns
The team's struggling chairman the current owner suggested earlier this year he would be open to selling the club at Hillsborough, but he has not been able to secure a deal with interested parties.
Delayed salary payments on time in March and May resulted in restrictions being imposed by the football authorities in summer, stopping Wednesday from completing any transfers or loans for the next three transfer windows, although those limitations were removed in late summer.
Official's Viewpoint
The regulator explained: "The position was created for the supporters of Wednesday, Bury or any football club where supporters are loyal to a local institution that has been part of their lives in numerous instances.
"I have absolute sympathy for the team's plight, as I do for each organization that since 1992 have gone to the wall, or approached financial ruin, for causes separate from the supporters."
Inquired if the oversight body could require an owner to sell a club if they are judged inappropriate, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the reply is once we assemble the facts 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 work with them.
"Our least desirable course of action is start getting involved with an particular organization, an individual owner, without being able to work with that chairman to fix the challenges confronting the team and the chairman's encountering," Kogan said.
"In actuality, when you review the record of the sport, over the last 20 or 30 years there have been certain proprietors, not many, but some who have been irresponsible in the way which they've been managing their clubs and ultimately decline to assume obligation for the coming years."
Sheffield Wednesday supporters have been voicing opposition to owner Dejphon Chansiri this season
'Mistakes could erase significant advances'
The regulator engaged representatives from 110 clubs to detail the scope of the regulator on Wednesday and insisted it was a "forward-thinking discussion" with a "significant participation" from the grassroots to elite level.
"This position carries substantial significance, because if we get it wrong, if the football community fails, the significant advances achieved might evaporate incredibly quickly," the regulator warned.
"This represents everyone's worst fear in the context of the English game is a substantial accomplishment - we need to continue the progress.
"Substantial financial resources flowing into the game and has been channeled for the recent generations, because certainty is lacking it will persist in entering the game, which is among the factors explaining I think we have to adopt a precise perspective on challenges and obviously, of the immediate future."
Top Flight Apprehensions
The Premier League opposed the establishment of an oversight body because of apprehensions regarding adverse consequences on the elite division's competitive balance, but the chairman responded: "I completely endorse the success and growth as an financial organization of the top division.
"I of all people understand the apprehension regarding damaging the division as a high-quality offering of England. But simultaneously, if you talk to the Premier League after today's meeting, they would have had a high level of reassurance -and, indeed, they have been advising us privately they have a significant confidence."
Partisan Associations
Kogan is still facing a "full inquiry" by the official appointments authority after he revealed he contributed money to the opposition group in the past.
The chairman donated money to government minister the politician's campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I have fully disclosed my previous political affiliation [with Labour], and that party membership ceased the day the select committee approved my appointment," Kogan said.
"I am presently disconnected from any form of political activity."
