'We will play a key role in football's future' - newly appointed regulator the regulator's chair
The team's current difficulties are seen as a "significant problem" and the independent regulator is looking to gain the ability to examine team situations in such situations, the newly appointed chairman the official has announced.
In a wide-ranging interview, the chairman, who was recently selected, voiced concern towards supporters of the Owls.
Kogan met with four supporter groups connected to the South Yorkshire club recently.
The football club have been experiencing difficulties in multiple areas in 2025, with the club failing to pay players on time on multiple instances, including in the autumn.
"Obviously the club has become a serious issue for football authorities and a major challenge for the sport," Kogan told.
"Sheffield Wednesday is one of the historic institutions for football in England and in recent days we have met Sheffield Wednesday supporters' groups.
"We are seeking authority... which will allow us to have the club and similar situations referred to us if they need to be investigated and dealt with."
Monetary Issues and Leadership Concerns
The club's controversial proprietor the Thai businessman suggested earlier this year he would be prepared to relinquish control at Hillsborough, but he has been unable to finalize an agreement with potential new owners.
Delayed salary payments on time in earlier this year led to sanctions by the league officials in summer, stopping Wednesday from completing any transfers or loans for the following recruitment periods, although that restriction was lifted in the end of the transfer window.
Authority's Position
The chairman stated: "Our role exists to serve the Owls followers, teams facing challenges where fans are dedicated to a community organization that has been part of their lives in many cases.
"I completely understand Sheffield Wednesday, as I do for all the clubs that in modern times have encountered failure, or approached financial ruin, for causes separate from the followers."
Questioned about whether the regulator could force an proprietor to divest a club if they are considered unfit, the regulator answered: "When asking whether 'would we intervene in the final instance?', the answer is once we gather the evidence and understand the situation, we will."
But the chairman emphasized that compelling proprietors to divest clubs would be considered the final option and the authority would rather to work with them.
"The final option we would consider is begin intervening in an individual club, an individual owner, without being in a position to cooperate with that owner to try and resolve the issues that the club's facing and the proprietor's dealing with," Kogan said.
"But the truth is, when you review the record of football, over the past few decades there have been particular chairmen, few in number, but particular people who have shown negligence in the manner they have operated their organizations and finally don't wish to take responsibility for the coming years."
Wednesday followers have been demonstrating against owner Dejphon Chansiri in recent months
'Mistakes could erase significant advances'
The chairman convened with delegates from multiple organizations to explain the responsibilities of the regulator on Wednesday and stated it constituted a "proactive meeting" with a "significant participation" from the National League to the Premier League.
"It's a job that's actually really important, because if errors are made, if the sport makes errors, the significant advances achieved could disappear rapidly," Kogan said.
"This represents everyone's worst fear in the context of the English game is a major achievement - we've got to keep it going.
"Substantial financial resources entering the sport and has been invested for the past two decades, because there are no assurances it will keep flowing into the sport, which is part of the rationale behind I think we have to take a really clear view on risk and of course, of the coming seasons."
Elite Division Worries
Elite division representatives objected to the formation of an authority because of concerns about detrimental effects on the elite division's competitive balance, but the regulator stated: "I completely endorse the prosperity and expansion as an economic entity of the top division.
"As someone who appreciates the concern of undermining the top flight as an elite competition of this country. But simultaneously, if you engage with division representatives after this week's discussion, they would have had a high level of reassurance -and, indeed, they have been advising us privately they have a considerable comfort."
Political Connections
The chairman continues to confront a "full inquiry" by the public appointments commissioner after he disclosed making donations to the political party in recent years.
The chairman donated money to Culture Secretary the minister's leadership bid, along with that of the government leader.
"I have been entirely transparent regarding my past party membership [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," Kogan said.
"I am no longer involved in any sort of politics."
