'We are going to be a part of football's future' - football oversight chief the new chairman
The team's current difficulties constitute a "serious issue" and the football regulator is seeking powers to investigate clubs in such situations, its new chair the official has announced.
In a wide-ranging interview, Kogan, who was appointed on Monday, showed understanding towards Wednesday's fanbase.
The regulator engaged with four fan organizations associated with the football team this week.
The Championship side have been facing challenges both on and off the pitch in this season, with the club delaying salary disbursements on several different times, including in the autumn.
"Evidently Wednesday represents a serious issue for football authorities and a significant problem for football," Kogan told.
"The club represents one of the great brands for football in England and recently we have met Sheffield Wednesday supporters' groups.
"We are seeking authority... which will permit us to bring the club and similar situations referred to us if they warrant scrutiny and dealt with."
Monetary Issues and Proprietorship Status
The club's controversial proprietor the current owner stated during the off-season he would be willing to sell up at Hillsborough, 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 June, preventing the club from carrying out any recruitment activities for the next three transfer windows, although the ban was rescinded in late summer.
Official's Viewpoint
The chairman stated: "Our role exists to serve the Owls followers, other clubs in similar situations where fans are dedicated to a regional establishment that has represented their community in multiple situations.
"I have absolute sympathy for the team's plight, as I do for all the clubs that since 1992 have gone to the wall, or nearly ceased operations, for reasons that have nothing to do with the fans themselves."
Questioned about whether the oversight body could require an proprietor to divest a club if they are judged inappropriate, the regulator answered: "If your question is 'would we intervene in the final instance?', the reply is once we collect the information and understand the situation, we will."
But Kogan stressed that requiring chairmen to relinquish clubs would be treated as a "last resort" and the oversight body would choose to collaborate with owners.
"The final option we would consider is start getting involved with an specific team, an individual owner, without having the opportunity to collaborate with that chairman to fix the challenges confronting the team and the proprietor's dealing with," the regulator explained.
"However, realistically, when you look back over the history of the sport, 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 teams and eventually decline to assume obligation for the coming years."
Sheffield Wednesday supporters have been voicing opposition to the current proprietor in recent months
'Errors may undo substantial development'
Kogan met with delegates from multiple organizations to explain the responsibilities of the regulator on Wednesday and stated it constituted a "forward-thinking discussion" with a "significant participation" from the lower divisions to the top flight.
"The role holds considerable importance, because should mistakes occur, if the sport makes errors, the significant advances achieved could disappear rapidly," the regulator warned.
"And that's what nobody wants in the context of the English game is a substantial accomplishment - we need to continue the progress.
"Substantial financial resources flowing into the game and has come into football for the recent generations, because there's no guarantee it will persist in entering the game, which is among the factors explaining I think we have to take a really clear view on challenges and obviously, of the coming seasons."
Elite Division Worries
Elite division representatives objected to the formation of an authority because of fears of a negative impact on the top-flight's competitiveness, but Kogan said: "I fully support the achievement and development as an financial organization of the top division.
"Being fully aware of the concern of undermining the top flight as an elite competition of this country. But concurrently, if you engage with division representatives after the recent gathering, they would have had a significant degree of comfort -and, indeed, they have been informing us confidentially they have a high level of reassurance."
Political Connections
The regulator remains subject to a "thorough examination" by the public appointments commissioner after he disclosed making donations to the opposition group in the past.
The official contributed funds to Secretary of State for Culture, Media and Sport the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.
"I have fully disclosed my past party membership [with Labour], and that party membership ceased the day the select committee approved my appointment," the chairman stated.
"I currently have no participation in any sort of politics."