'Our role is integral to football's future' - newly appointed regulator the regulator's chair
The Championship club's ongoing struggles are seen as a "serious issue" and the new football authority is looking to gain the ability to investigate clubs in comparable cases, the recently named head the regulator has stated.
In a wide-ranging interview, Kogan, who was recently selected, voiced concern towards Wednesday's fanbase.
Kogan met with four supporter groups associated with the football team this week.
The team have been facing challenges both on and off the pitch in 2025, with the club missing wage payments on several different times, including in September.
"Clearly Sheffield Wednesday has been a serious issue for football authorities and a substantial concern for English football," Kogan told.
"The club represents one of the historic institutions for the English game and in recent days 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 require examination and acted upon."
Monetary Issues and Proprietorship Status
Wednesday's embattled owner the Thai businessman stated during the off-season he would be willing to sell up at their home ground, but he has been unable to finalize an agreement with prospective buyers.
Failure to pay player wages on time in March and May resulted in restrictions being imposed by the English Football League (EFL) in June, blocking the team from conducting any recruitment activities for the following recruitment periods, although those limitations were removed in the end of the transfer window.
Regulator's Perspective
The chairman stated: "The job [of the regulator] is there for the Owls followers, other clubs in similar situations where supporters are loyal to a community organization that has existed throughout their lifetimes in multiple situations.
"I fully appreciate the club's situation, as I do for all the clubs that in modern times have encountered failure, or approached financial ruin, for reasons that have nothing to do with the followers."
Questioned about whether the authority might compel an owner to sell a club if they are judged inappropriate, the regulator answered: "Should the inquiry concern '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 treated as a "last resort" and the oversight body would choose to work with them.
"The final option we would consider is begin intervening in an specific team, an individual owner, without being able to work with that owner to try and resolve the issues that the club's facing and the owner's facing," Kogan said.
"But the truth is, when you examine the past of football, over the recent generations there have been some owners, a small minority, but some who have been irresponsible in the way which they've been managing their organizations and finally refuse to accept accountability for the long-term prospects."
Wednesday followers have been protesting against the team's chairman during the current campaign
'If we get it wrong, extraordinary progress vanishes'
Kogan met with officials from numerous teams to lay out the remit of the authority recently and insisted it was a "forward-thinking discussion" with a "significant participation" from the National League to the Premier League.
"The role holds considerable importance, because if errors are made, if the football community fails, the extraordinary progress that's been made necessary will vanish rapidly," the chairman stated.
"And that's what nobody wants in the realm of domestic football is a huge success story - we must maintain momentum.
"Considerable investment entering the sport and has come into football for the recent generations, because there's no guarantee it will keep flowing into the sport, which is one of the reasons why I think we have to adopt a precise perspective on challenges and obviously, of the coming seasons."
Top Flight Apprehensions
Top flight officials resisted the creation of a regulator because of apprehensions regarding adverse consequences on the Premier League's sporting equality, but the chairman responded: "I'm absolutely committed to the success and growth as an financial organization of the top division.
"As someone who appreciates the worry about compromising the top flight as an elite competition of this country. But concurrently, if you engage with division representatives after this week's discussion, they would have had a significant degree of comfort -and, indeed, they have been informing us confidentially they have a considerable comfort."
Political Connections
Kogan is still facing a "thorough examination" by the public appointments commissioner after he acknowledged providing funds to the Labour Party in recent years.
The 68-year-old donated money to Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the current Prime Minister.
"I have fully disclosed my past party membership [with Labour], and that political affiliation came to an end the day the official body endorsed my nomination," Kogan said.
"I currently have no participation in any form of political activity."
