'We are going to be a part of football's future' - newly appointed regulator the regulator's chair
The Championship club's current difficulties constitute a "major concern" and the independent regulator is aiming to acquire authority to investigate clubs in such situations, the recently named head the official has stated.
In a wide-ranging interview, the regulator, who was appointed on Monday, showed understanding towards the club's followers.
The regulator engaged with four supporter groups connected to the Championship side in recent days.
The Championship side have been struggling on and off the field in 2025, with the club delaying salary disbursements on several different times, including in September.
"Evidently Wednesday represents a serious issue for football authorities and a major challenge for the sport," Kogan told.
"Sheffield Wednesday is one of the iconic names for football in England and recently we have met fan representatives.
"We are seeking authority... which will enable us to take the club and similar situations brought to our attention if they warrant scrutiny and dealt with."
Monetary Issues and Proprietorship Status
The club's controversial proprietor the Thai businessman indicated in the summer he would be willing to sell up at their home ground, but he has failed to complete a sale with interested parties.
Failure to pay player wages on time in spring months caused limitations by the league officials in summer, preventing the club from carrying out any player acquisitions for the following recruitment periods, although that restriction was lifted in the end of the transfer window.
Authority's Position
The chairman stated: "The job [of the regulator] is there for the Owls followers, Bury or any football club where supporters are loyal to a regional establishment that has existed throughout their lifetimes in multiple situations.
"I completely understand the club's situation, as I do for each organization that over recent decades have faced collapse, or nearly ceased operations, for reasons that have nothing to do with the supporters."
When asked if the authority might compel an chairman to relinquish a club if they are deemed unsuitable, the chairman responded: "When asking whether 'would we intervene in the final instance?', the reply is once we collect the information and know what's going on, we will."
But Kogan stressed that requiring chairmen to relinquish clubs would be viewed as the ultimate measure and the oversight body would choose to collaborate with owners.
"The last thing what we want to do is start getting involved with an specific team, an particular chairman, without having the opportunity to collaborate with that chairman to fix the problems affecting the organization and the proprietor's dealing with," Kogan said.
"But the truth is, when you review the record of the sport, over the last 20 or 30 years there have been certain proprietors, not many, but certain individuals who have acted carelessly in the manner they have operated their teams and eventually don't wish to take responsibility for the coming years."
Owls fans have been protesting against the current proprietor during the current campaign
'Mistakes could erase significant advances'
The regulator engaged representatives from 110 clubs to lay out the remit of the regulator on Wednesday and insisted it was a "forward-thinking discussion" with a "high level of engagement" from the lower divisions to the top flight.
"This position carries substantial significance, because should mistakes occur, if the world of football gets it wrong, the extraordinary progress that's been made necessary will vanish rapidly," the chairman stated.
"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 entering the sport and has been invested for the recent generations, because there's no guarantee it will continue to come into football, which is part of the rationale behind I think we have to maintain a focused outlook on potential dangers and naturally, of the next two or three years."
Premier League Concerns
The Premier League opposed the formation of an authority because of fears of a negative impact on the Premier League's sporting equality, but the chairman responded: "I fully support the prosperity and expansion as an financial organization of the Premier League.
"Being fully aware of the concern of undermining the Premier League as a premium product of the nation. But concurrently, if you consult with top flight officials after today's meeting, they would have had a significant degree of comfort -and, in fact, they have been informing us confidentially they have a high level of reassurance."
Ideological Links
The regulator remains subject to a "full inquiry" by the official appointments authority after he disclosed making donations to the political party in the past.
The official contributed funds to government minister Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I have been entirely transparent regarding my previous political affiliation [with Labour], and that party membership ceased the day the parliamentary committee confirmed my selection," the chairman stated.
"I am no longer involved in any type of partisan engagement."
