'We will play a key role in football's future' - football oversight chief the regulator's chair
The Championship club's persistent issues represent a a "significant problem" and the football regulator is looking to gain the ability to examine team situations in such situations, the recently named head the official has declared.
Through a comprehensive talk, Kogan, who was appointed on Monday, showed understanding towards supporters of the Owls.
The regulator engaged with four fan organizations connected to the South Yorkshire club this week.
The Championship side have been struggling on and off the field in the current year, with the club delaying salary disbursements on five separate occasions, including in last month.
"Obviously the club has become a major concern for the league and a significant problem for football," the regulator explained.
"The club represents one of the iconic names for the English game and this week we have met supporters' organizations.
"We're now looking to get powers... which will allow us to have Sheffield Wednesday - and other clubs referred to us if they warrant scrutiny and acted upon."
Monetary Issues and Leadership Concerns
The team's struggling chairman the current owner suggested earlier this year he would be open to selling the club at the stadium, but he has failed to complete a sale with prospective buyers.
Failure to pay player wages on time in March and May caused limitations by the English Football League (EFL) in mid-year, blocking the team from conducting any recruitment activities for the next three transfer windows, although those limitations were removed in late summer.
Authority's Position
The regulator explained: "The position was created for the supporters of Wednesday, Bury or any football club where people are committed to a local institution that has represented their community in multiple situations.
"I fully appreciate Sheffield Wednesday, as I do for each organization that since 1992 have gone to the wall, or approached financial ruin, for factors unrelated to the fans themselves."
Questioned about whether the oversight body could require an owner to sell a club if they are considered unfit, the chairman responded: "When asking whether 'would we intervene in the final instance?', the response would be once we assemble the facts and comprehend the circumstances, we will."
But Kogan stressed that forcing owners to sell clubs would be treated as a "last resort" and the authority would rather to cooperate with proprietors.
"Our least desirable course of action is commence engagement with an particular organization, an particular chairman, without being able to work with that owner to try and resolve the issues that the club's facing and the proprietor's dealing with," Kogan said.
"However, realistically, when you review the record of the game, over the recent generations there have been certain proprietors, a small minority, but some who have been irresponsible in the approach they have taken toward their teams and eventually refuse to accept accountability for the future."
Wednesday followers have been protesting against the team's chairman this season
'Mistakes could erase significant advances'
Kogan met with officials from numerous teams to explain the responsibilities of the authority recently and insisted it was a "forward-thinking discussion" with a "significant participation" from the lower divisions to the top flight.
"The role holds considerable importance, because if errors are made, if the world of football gets it wrong, the significant advances achieved necessary will vanish swiftly," the regulator warned.
"Such an outcome is universally undesirable in the realm of domestic football is a huge success story - we need to continue the progress.
"Substantial financial resources coming into football and has been channeled for the last 20 or 25 years, because certainty is lacking it will persist in entering the game, which is part of the rationale behind I think we have to maintain a focused outlook on challenges and obviously, of the next two or three years."
Premier League Concerns
Elite division representatives objected to the establishment of an oversight body because of apprehensions regarding adverse consequences on the Premier League's sporting equality, but the regulator stated: "I'm absolutely committed to the success and growth as an commercial operation of the top division.
"Being fully aware of the concern of undermining the division as a high-quality offering of England. But concurrently, 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 informing us confidentially they have a considerable comfort."
Ideological Links
The regulator remains subject to a "comprehensive investigation" by the Commissioner for Public Appointments after he acknowledged providing funds to the political party in recent years.
The chairman donated money to Secretary of State for Culture, Media and Sport 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 ideological connection terminated the day the official body endorsed my nomination," Kogan said.
"I currently have no participation in any sort of politics."