'We are going to be a part of football's future' - football oversight chief the new chairman
The team's current difficulties are seen as a "major concern" and the football regulator is looking to gain the ability to look into club affairs in such situations, its new chair the official has announced.
Through a comprehensive talk, the chairman, who was recently selected, showed understanding towards supporters of the Owls.
Kogan met with four fan organizations connected to the South Yorkshire club in recent days.
The Championship side have been facing challenges both on and off the pitch in 2025, with the club failing to pay players on time on five separate occasions, including in the autumn.
"Clearly Sheffield Wednesday has been a serious issue for football authorities and a major challenge for the sport," the regulator explained.
"Sheffield Wednesday is one of the iconic names for the English game and recently we have met Sheffield Wednesday supporters' groups.
"Our aim is to acquire the ability... which will permit us to bring Sheffield Wednesday - and other clubs submitted for our review if they need to be investigated and dealt with."
Monetary Issues and Leadership Concerns
The team's struggling chairman the Thai businessman suggested earlier this year he would be willing to sell up at their home ground, but he has been unable to finalize an agreement with prospective buyers.
Delayed salary payments on time in earlier this year led to sanctions by the football authorities in summer, stopping Wednesday from completing any recruitment activities for the next three transfer windows, although that restriction was lifted in August.
Authority's Position
Kogan said: "Our role exists to serve the Owls followers, Bury or any football club where supporters are loyal to a regional establishment that has been part of their lives in numerous instances.
"I have absolute sympathy for the club's situation, as I do for each organization 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."
Inquired if the regulator could force an chairman to relinquish a club if they are judged inappropriate, the chairman responded: "If your question is '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 oversight body would choose to cooperate with proprietors.
"The final option we would consider is commence engagement with an particular organization, an particular chairman, without being able to work with that proprietor to address the challenges confronting the team and the chairman's encountering," Kogan said.
"In actuality, when you look back over the history of the game, over the recent generations there have been some owners, not many, but some who have been irresponsible in the approach they have taken toward their clubs and ultimately don't wish to take responsibility for the future."
Sheffield Wednesday supporters have been protesting against owner Dejphon Chansiri in recent months
'Errors may undo substantial development'
Kogan met with representatives from 110 clubs to detail the scope of the oversight body this week and maintained it represented a "forward-thinking discussion" with a "high level of engagement" from the National League to the Premier League.
"The role holds considerable importance, because should mistakes occur, if the world of football gets it wrong, the remarkable development accomplished might evaporate incredibly quickly," Kogan said.
"This represents everyone's worst fear in the context of the English game is a major achievement - we need to continue the progress.
"Considerable investment coming into football and has been channeled for the past two decades, because there's no guarantee 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 next two or three years."
Elite Division Worries
The Premier League opposed the formation of an authority because of fears of a negative impact on the elite division's competitive balance, but Kogan said: "I'm absolutely committed to the success and growth as an economic entity of the top division.
"As someone who appreciates the apprehension regarding damaging the division as a high-quality offering of England. But concurrently, if you talk to the Premier League after today's meeting, they would have had a substantial amount of confidence -and, indeed, they have been telling us in private they have a considerable comfort."
Ideological Links
The chairman continues to confront a "full inquiry" by the official appointments authority after he acknowledged providing funds to the Labour Party in recent years.
The official donated money to government minister the politician's campaign, along with that of the government leader.
"I've been completely open about my previous political affiliation [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," Kogan said.
"I am presently disconnected from any form of political activity."