'Our role is integral to football's future' - football oversight chief the regulator's chair
The team's ongoing struggles are seen as a "major concern" and the new football authority is looking to gain the ability to look into club affairs in such situations, its new chair the regulator has stated.
In a wide-ranging interview, Kogan, who was appointed on Monday, voiced concern towards Wednesday's fanbase.
Kogan met with four supporter groups associated with the Championship side recently.
The Championship side have been struggling on and off the field in the current year, with the club failing to pay players on time on five separate occasions, including in the autumn.
"Obviously the club has become a serious issue for football authorities and a major challenge for the sport," the chairman stated.
"Sheffield Wednesday is one of the great brands for the English game and in recent days we have met supporters' organizations.
"Our aim is to acquire the ability... which will enable us to take Sheffield Wednesday - and other clubs brought to our attention if they warrant scrutiny and acted upon."
Economic Challenges and Ownership Situation
The team's struggling chairman Dejphon Chansiri suggested earlier this year he would be open to selling the club at Hillsborough, but he has been unable to finalize an agreement with prospective buyers.
Delayed salary payments on time in March and May resulted in restrictions being imposed by the football authorities in June, preventing the club from carrying out any transfers or loans for the next three transfer windows, although those limitations were removed in the end of the transfer window.
Official's Viewpoint
The regulator explained: "Our role exists to serve the fans of Sheffield Wednesday, Bury or any football club where people are committed to a community organization that has represented their community in multiple situations.
"I completely understand the team's plight, as I do for every team that in modern times have encountered failure, or nearly ceased operations, for causes separate from the fans themselves."
Questioned about whether the oversight body could require an owner to sell a club if they are judged inappropriate, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the answer is once we assemble the facts and comprehend the circumstances, we will."
But Kogan stressed that requiring chairmen to relinquish clubs would be considered the final option and the regulator would prefer to cooperate with proprietors.
"The final option we would consider is start getting involved with an particular organization, an specific proprietor, without having the opportunity to collaborate with that owner to try and resolve the issues that the club's facing and the chairman's encountering," the regulator explained.
"In actuality, when you examine the past of football, over the past few decades there have been certain proprietors, not many, but particular people who have shown negligence in the way which they've been managing their clubs and ultimately don't wish to take responsibility for the future."
Wednesday followers have been protesting against the team's chairman in recent months
'Mistakes could erase significant advances'
Kogan met with delegates from multiple organizations to explain the responsibilities of the authority recently and stated it constituted a "proactive meeting" with a "high level of engagement" from the grassroots to elite level.
"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 necessary will vanish incredibly quickly," the regulator warned.
"This represents everyone's worst fear in the realm of domestic football is a substantial accomplishment - we must maintain momentum.
"There's an enormous amount of money entering the sport and has been channeled for the last 20 or 25 years, because there are no assurances it will persist in entering the game, which is one of the reasons why I think we have to take a really clear view on potential dangers and naturally, of the coming seasons."
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 achievement and development as an economic entity of the top division.
"Being fully aware of the worry about compromising the top flight as an elite competition of the nation. But at the same time, if you talk to the Premier League after today's meeting, they would have had a high level of reassurance -and, indeed, they have been telling us in private they have a considerable comfort."
Partisan Associations
The regulator remains subject to a "thorough examination" by the public appointments commissioner after he revealed he contributed money to the Labour Party in recent years.
The chairman donated money to government minister the minister's leadership bid, along with that of the current Prime Minister.
"I have fully disclosed my former ideological connection [with Labour], and that political affiliation came to an end the day the official body endorsed my nomination," the chairman stated.
"I currently have no participation in any type of partisan engagement."
