'We will play a key role in football's future' - newly appointed regulator the regulator's chair
The team's ongoing struggles are seen as a "major concern" and the new football authority is seeking powers to investigate clubs in comparable cases, the newly appointed chairman the official has declared.
In a wide-ranging interview, Kogan, who was appointed on Monday, expressed "sympathy" towards the club's followers.
The regulator engaged with four supporter groups connected to the Championship side recently.
The football club 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 last month.
"Clearly Sheffield Wednesday has been a serious issue for football authorities and a substantial concern for English football," the regulator explained.
"Sheffield Wednesday is one of the iconic names for football in England and this week we have met Sheffield Wednesday supporters' groups.
"We are seeking authority... which will enable us to take the club and similar situations referred to us if they warrant scrutiny and addressed."
Monetary Issues and Proprietorship Status
Wednesday's embattled owner the current owner indicated in the summer he would be willing to sell up at Hillsborough, but he has been unable to finalize an agreement with interested parties.
Missed wage deadlines on time in March and May led to sanctions by the football authorities in mid-year, preventing the club from carrying out any player acquisitions for the next three transfer windows, although those limitations were removed in August.
Regulator's Perspective
The chairman stated: "The position was created for the supporters of Wednesday, teams facing challenges where fans are dedicated to a regional establishment that has been part of their lives in many cases.
"I completely understand the team's plight, as I do for all the clubs that since 1992 have gone to the wall, or approached financial ruin, for factors unrelated to the supporters."
Inquired if the authority might compel an owner to sell a club if they are judged inappropriate, Kogan said: "When asking whether 'would we intervene in the final instance?', the reply is once we gather the evidence and comprehend the circumstances, we will."
But Kogan stressed that forcing owners to sell clubs would be considered the final option and the oversight body would choose to collaborate with owners.
"Our least desirable course of action is begin intervening in an specific team, an individual owner, without being able to work with that owner to try and resolve the challenges confronting the team and the proprietor's dealing with," the regulator explained.
"But the truth is, when you review the record of the game, over the last 20 or 30 years there have been certain proprietors, not many, but particular people who have shown negligence in the approach they have taken toward their organizations and finally don't wish to take responsibility for the coming years."
Owls fans have been protesting against the team's chairman in recent months
'Mistakes could erase significant advances'
The chairman convened with officials from numerous teams to detail the scope of the regulator on Wednesday and insisted it was a "forward-thinking discussion" with a "significant participation" from the lower divisions to the top flight.
"It's a job that's actually really important, because if errors are made, if the world of football gets it wrong, the significant advances achieved could disappear swiftly," the regulator warned.
"This represents everyone's worst fear in the terms of English football is a major achievement - we've got to keep it going.
"There's an enormous amount of money coming into football and has been channeled for the past two decades, because there are no assurances it will continue to come into football, which is part of the rationale behind I think we have to adopt a precise perspective on potential dangers and naturally, of the next two or three years."
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 regulator stated: "I fully support the prosperity and expansion as an financial organization of the top division.
"I of all people understand the concern of undermining the Premier League as a premium product of this country. But simultaneously, 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 informing us confidentially they have a considerable comfort."
Ideological Links
The chairman continues to confront a "comprehensive investigation" by the public appointments commissioner after he disclosed making donations to the Labour Party in recent years.
The official provided financial support for government minister the politician's campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I've been completely open about my past party membership [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," the chairman stated.
"I am no longer involved in any sort of politics."
