'Our role is integral to football's future' - independent football regulator the regulator's chair
The Championship club's current difficulties are seen as a "major concern" and the football regulator is aiming to acquire authority to look into club affairs in comparable cases, the recently named head the official has announced.
During an extensive discussion, Kogan, who was appointed on Monday, expressed "sympathy" towards Wednesday's fanbase.
The chairman convened with four supporters' associations representing the football team in recent days.
The Championship side have been struggling on and off the field in 2025, with the club delaying salary disbursements on multiple instances, including in the autumn.
"Evidently Wednesday represents a serious issue for football authorities and a substantial concern for English football," the regulator explained.
"The club represents one of the historic institutions for football in England and this week we have met fan representatives.
"We're now looking to get powers... which will enable us to take the club and similar situations submitted for our review if they warrant scrutiny and dealt with."
Economic Challenges and Leadership Concerns
Wednesday's embattled owner the current owner indicated in the summer he would be willing to sell up at Hillsborough, but he has failed to complete a sale with potential new owners.
Delayed salary payments on time in earlier this year resulted in restrictions being imposed by the league officials in mid-year, stopping Wednesday from completing any player acquisitions for the following recruitment periods, although the ban was rescinded in the end of the transfer window.
Authority's Position
The chairman stated: "Our role exists to serve the fans of Sheffield Wednesday, teams facing challenges where people are committed to a community organization that has been part of their lives in numerous instances.
"I completely understand the team's plight, as I do for every team that in modern times have encountered failure, or been close to going to the wall, for factors unrelated to the supporters."
When asked if the regulator could force an owner to sell a club if they are deemed unsuitable, the regulator answered: "If your question is 'would we intervene in the final instance?', the answer is once we gather the evidence and understand the situation, we will."
But the regulator clarified that compelling proprietors to divest clubs would be treated as a "last resort" and the oversight body would choose to work with them.
"Our least desirable course of action is start getting involved with an individual club, an particular chairman, without being able to work with that owner to try and resolve the challenges confronting the team and the chairman's encountering," Kogan said.
"But the truth is, when you review the record of football, over the past few decades there have been some owners, not many, but particular people who have shown negligence in the manner they have operated their teams and eventually refuse to accept accountability for the future."
Wednesday followers have been demonstrating against the team's chairman during the current campaign
'Errors may undo substantial development'
The chairman convened with delegates from multiple organizations to lay out the remit of the regulator on Wednesday and maintained it represented a "progressive gathering" with a "substantial involvement" from the grassroots to elite level.
"This position carries substantial significance, because if errors are made, if the world of football gets it wrong, the remarkable development accomplished necessary will vanish swiftly," the chairman stated.
"Such an outcome is universally undesirable in the terms of English football is a huge success story - we must maintain momentum.
"There's an enormous amount of money flowing into the game and has come into football for the recent generations, because there are no assurances it will keep flowing into the sport, which is part of the rationale behind I think we have to maintain a focused outlook on risk and of course, of the immediate future."
Top Flight Apprehensions
Top flight officials resisted the establishment of an oversight body because of apprehensions regarding adverse consequences on the Premier League's sporting equality, but Kogan said: "I fully support the prosperity and expansion as an financial organization of the top division.
"Being fully aware of the apprehension regarding damaging the top flight as an elite competition of the nation. But concurrently, if you engage with division representatives after this week's discussion, they would have had a substantial amount of confidence -and, in fact, they have been telling us in private they have a high level of reassurance."
Political Connections
The chairman continues to confront a "comprehensive investigation" by the public appointments commissioner after he disclosed making donations to the Labour Party in 2020.
The official contributed funds to government minister the politician's campaign, along with that of the current Prime Minister.
"I have fully disclosed my former ideological connection [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."
