'We will play a key role in football's future' - football oversight chief the new chairman
The team's ongoing struggles are seen as a "major concern" and the new football authority is looking to gain the ability to investigate clubs in such situations, its new chair the official has announced.
During an extensive discussion, Kogan, who was named to the position this week, expressed "sympathy" towards the club's followers.
Kogan met with four supporters' associations representing the South Yorkshire club this week.
The team have been struggling on and off the field in 2025, with the club delaying salary disbursements on multiple instances, including in last month.
"Clearly Sheffield Wednesday has been a major concern for the league and a major challenge for the sport," the regulator explained.
"The club represents one of the great brands for football in England and in recent days we have met fan representatives.
"We are seeking authority... 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 club's controversial proprietor the current owner indicated in the summer he would be open to selling the club at Hillsborough, but he has been unable to finalize an agreement with prospective buyers.
Missed wage deadlines on time in earlier this year caused limitations by the football authorities in mid-year, stopping Wednesday from completing any transfers or loans for the subsequent signing windows, although the ban was rescinded in late summer.
Authority's Position
The chairman stated: "The position was created for the supporters of Wednesday, Bury or any football club where supporters are loyal to a regional establishment that has been part of their lives in many cases.
"I have absolute sympathy for Sheffield Wednesday, as I do for every team that over recent decades have faced collapse, or approached financial ruin, for causes separate from the followers."
When asked if the authority might compel an chairman to relinquish a club if they are considered unfit, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the answer is once we collect the information 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 work with them.
"The last thing what we want to do is commence engagement with an particular organization, an individual owner, without being able to work with that proprietor to address the problems affecting the organization and the chairman's encountering," Kogan said.
"In actuality, when you look back over the history of football, over the recent generations there have been particular chairmen, few in number, but particular people who have shown negligence in the way which they've been managing their clubs and ultimately decline to assume obligation for the coming years."
Sheffield Wednesday supporters have been voicing opposition to the current proprietor this season
'Mistakes could erase significant advances'
The regulator engaged delegates from multiple organizations to explain the responsibilities of the oversight body this week and insisted it was a "forward-thinking discussion" with a "substantial involvement" from the lower divisions to the top flight.
"This position carries substantial significance, because if errors are made, if the football community fails, the extraordinary progress that's been made might evaporate rapidly," Kogan said.
"Such an outcome is universally undesirable in the context of the English game is a huge success story - we need to continue the progress.
"There's an enormous amount of money coming into football and has been channeled for the past two decades, because there are no assurances it will keep flowing into the sport, which is among the factors explaining I think we have to take a really clear view on risk and of course, of the immediate future."
Elite Division Worries
Elite division representatives objected to the formation of an authority because of fears of a negative impact on the Premier League's sporting equality, but the regulator stated: "I fully support the success and growth as an economic entity of the elite league.
"As someone who appreciates the worry about compromising the division as a high-quality offering of this country. But concurrently, if you consult with top flight officials after this week's discussion, they would have had a substantial amount of confidence -and, indeed, they have been informing us confidentially they have a high level of reassurance."
Partisan Associations
The regulator remains subject to a "thorough examination" by the public appointments commissioner after he acknowledged providing funds to the political party in 2020.
The 68-year-old contributed funds to Secretary of State for Culture, Media and Sport the politician's campaign, along with that of the current Prime Minister.
"I have fully disclosed my previous political affiliation [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," the chairman stated.
"I am presently disconnected from any sort of politics."