'Our role is integral to football's future' - football oversight chief the new chairman
The team's persistent issues are seen as a "serious issue" and the football regulator is looking to gain the ability to look into club affairs in such situations, the recently named head the regulator has stated.
In a wide-ranging interview, the regulator, who was appointed on Monday, voiced concern towards Wednesday's fanbase.
Kogan met with four supporters' associations representing the football team in recent days.
The football club have been experiencing difficulties in multiple areas in this season, with the club failing to pay players on time on five separate occasions, including in last month.
"Evidently Wednesday represents a serious issue for football authorities and a significant problem for football," Kogan told.
"Wednesday stands as one of the iconic names for football in England and this week we have met fan representatives.
"We're now looking to get powers... which will allow us to have the club and similar situations referred to us if they need to be investigated and dealt with."
Monetary Issues and Ownership Situation
The team's struggling chairman Dejphon Chansiri indicated in the summer he would be willing to sell up at their home ground, but he has not been able to secure a deal with potential new owners.
Failure to pay player wages on time in March and May caused limitations by the league officials in June, blocking the team from conducting any player acquisitions for the following recruitment periods, although the ban was rescinded in the end of the transfer window.
Official's Viewpoint
The chairman stated: "The job [of the regulator] is there for the supporters of Wednesday, teams facing challenges where fans are dedicated to a community organization that has represented their community 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 been close to going to the wall, for reasons that have nothing to do with the fans themselves."
When asked if the authority might compel an proprietor to divest a club if they are judged inappropriate, the regulator answered: "Should the inquiry concern 'would we intervene in the final instance?', the response would be once we assemble the facts and comprehend the circumstances, we will."
But the regulator clarified that compelling proprietors to divest clubs would be considered the final option and the oversight body would choose to collaborate with owners.
"The final option we would consider is begin intervening in an individual club, an individual owner, without being able to work with that chairman to fix the issues that the club's facing and the proprietor's dealing with," Kogan said.
"In actuality, when you examine the past of the sport, over the past few decades there have been certain proprietors, not many, but some who have been irresponsible in the way which they've been managing their teams and eventually decline to assume obligation for the long-term prospects."
Sheffield Wednesday supporters have been protesting against the current proprietor this season
'If we get it wrong, extraordinary progress vanishes'
Kogan met with officials from numerous teams to detail the scope of the regulator on Wednesday and stated it constituted a "progressive gathering" with a "significant participation" from the lower divisions to the top flight.
"This position carries substantial significance, because if we get it wrong, if the world of football gets it wrong, the extraordinary progress that's been made might evaporate incredibly quickly," the regulator warned.
"And that's what nobody wants in the context of the English game is a major achievement - we've got to keep it going.
"Substantial financial resources entering the sport and has been channeled for the recent generations, because certainty is lacking it will persist in entering the game, which is part of the rationale behind I think we have to take a really clear view on challenges and obviously, of the coming seasons."
Top Flight Apprehensions
The Premier League opposed the establishment of an oversight body because of fears of a negative impact on the elite division's competitive balance, but Kogan said: "I completely endorse the success and growth as an commercial operation of the top division.
"I of all people understand the worry about compromising the Premier League as a premium product of the nation. But simultaneously, if you engage with division representatives after the recent gathering, they would have had a substantial amount of confidence -and, in fact, they have been advising us privately they have a significant confidence."
Partisan Associations
Kogan is still facing a "full inquiry" by the public appointments commissioner after he revealed he contributed money to the Labour Party in the past.
The official contributed funds to Secretary of State for Culture, Media and Sport 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 currently have no participation in any sort of politics."
