'We are going to be a part of football's future' - newly appointed regulator the regulator's chair
The Championship club's current difficulties represent a a "major concern" and the new football authority is seeking powers to look into club affairs in such situations, the recently named head the regulator has stated.
In a wide-ranging interview, Kogan, who was appointed on Monday, showed understanding towards the club's followers.
The chairman convened with four fan organizations representing the Championship side this week.
The Championship side have been experiencing difficulties in multiple areas in the current year, with the club failing to pay players on time on five separate occasions, including in last month.
"Evidently Wednesday represents a significant problem for EFL and a major challenge for the sport," Kogan told.
"Sheffield Wednesday is one of the great brands for football in England and this week we have met Sheffield Wednesday supporters' groups.
"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 acted upon."
Monetary Issues and Ownership Situation
The club's controversial proprietor the Thai businessman stated during the off-season he would be willing to sell up at Hillsborough, but he has been unable to finalize an agreement with interested parties.
Delayed salary payments on time in earlier this year led to sanctions by the football authorities in mid-year, blocking the team from conducting any recruitment activities for the next three transfer windows, although that restriction was lifted in August.
Official's Viewpoint
Kogan said: "Our role exists to serve the supporters of Wednesday, other clubs in similar situations where people are committed to a community organization that has represented their community in multiple situations.
"I completely understand Sheffield Wednesday, as I do for every team that in modern times have encountered failure, or been close to going to the wall, for causes separate from the followers."
When asked if the oversight body could require an owner to sell a club if they are considered unfit, the regulator answered: "If your question is 'would we intervene in the final instance?', the answer is once we assemble the facts and understand the situation, we will."
But the chairman emphasized that forcing owners to sell clubs would be considered the final option and the oversight body would choose to collaborate with owners.
"The last thing what we want to do is start getting involved with an particular organization, an particular chairman, without being in a position to cooperate with that chairman to fix the problems affecting the organization and the proprietor's dealing with," Kogan said.
"However, realistically, when you look back over the history of the sport, over the recent generations there have been certain proprietors, few in number, but certain individuals who have acted carelessly in the manner they have operated their teams and eventually decline to assume obligation for the coming years."
Wednesday followers have been demonstrating against the current proprietor during the current campaign
'Mistakes could erase significant advances'
Kogan met with delegates from multiple organizations to lay out the remit of the oversight body this week and stated it constituted a "proactive meeting" with a "substantial involvement" from the National League to the Premier League.
"The role holds considerable importance, because if errors are made, if the football community fails, the extraordinary progress that's been made might evaporate incredibly quickly," the chairman stated.
"And that's what nobody wants in the realm of domestic football is a substantial accomplishment - we've got to keep it going.
"There's an enormous amount of money flowing into the game and has been invested for the past two decades, because certainty is lacking it will continue to come into football, which is among the factors explaining I think we have to maintain a focused outlook on challenges and obviously, of the next two or three years."
Top Flight Apprehensions
Elite division representatives objected to the creation of a regulator because of concerns about detrimental effects on the Premier League's sporting equality, but Kogan said: "I completely endorse the success and growth as an commercial operation of the top division.
"As someone who appreciates the worry about compromising the top flight as an elite competition of England. But simultaneously, if you consult with top flight officials after this week's discussion, they would have had a significant degree of comfort -and, actually, they have been advising us privately they have a considerable comfort."
Partisan Associations
Kogan is still facing a "thorough examination" by the official appointments authority after he revealed he contributed money to the opposition group in recent years.
The official donated money to Culture Secretary Lisa Nandy's leadership campaign, 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 party membership ceased the day the select committee approved my appointment," the chairman stated.
"I currently have no participation in any type of partisan engagement."