'We are going to be a part of football's future' - independent football regulator the new chairman
The Championship club's current difficulties are seen as a "serious issue" and the football regulator is seeking powers to investigate clubs in such situations, the newly appointed chairman the official has declared.
In a wide-ranging interview, Kogan, who was recently selected, expressed "sympathy" towards the club's followers.
The regulator engaged with four supporter groups connected to the South Yorkshire club in recent days.
The Championship side have been experiencing difficulties in multiple areas in the current year, with the club delaying salary disbursements on five separate occasions, including in the autumn.
"Clearly Sheffield Wednesday has been a major concern for the league and a substantial concern for English football," Kogan told.
"The club represents one of the historic institutions for football in England and this week we have met Sheffield Wednesday supporters' groups.
"Our aim is to acquire the ability... which will enable us to take Wednesday and comparable cases referred to us if they require examination and dealt with."
Financial Struggles and Ownership Situation
The club's controversial proprietor Dejphon Chansiri stated during the off-season he would be prepared to relinquish control at their home ground, but he has failed to complete a sale with prospective buyers.
Missed wage deadlines on time in earlier this year led to sanctions by the English Football League (EFL) in mid-year, stopping Wednesday from completing any player acquisitions for the next three transfer windows, although those limitations were removed in the end of the transfer window.
Regulator's Perspective
The regulator explained: "Our role exists to serve the Owls followers, Bury or any football club where fans are dedicated to a regional establishment that has been part of their lives in multiple situations.
"I completely understand the team's plight, as I do for every team that over recent decades have faced collapse, or approached financial ruin, for reasons that have nothing to do with the fans themselves."
Questioned about whether the oversight body could require an chairman to relinquish a club if they are deemed unsuitable, the chairman responded: "If your question is 'would we intervene in the final instance?', the answer 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 treated as a "last resort" and the authority would rather to cooperate with proprietors.
"Our least desirable course of action is begin intervening in an individual club, an particular chairman, without having the opportunity to collaborate with that proprietor to address the challenges confronting the team and the proprietor's dealing with," the chairman stated.
"However, realistically, when you examine the past of the sport, over the recent generations there have been certain proprietors, a small minority, but some who have been irresponsible in the manner they have operated their organizations and finally refuse to accept accountability for the future."
Sheffield Wednesday supporters have been demonstrating against owner Dejphon Chansiri this season
'Errors may undo substantial development'
The chairman convened with delegates from multiple organizations to explain the responsibilities of the regulator on Wednesday and maintained it represented a "forward-thinking discussion" with a "significant participation" from the lower divisions to the top flight.
"This position carries substantial significance, because if we get it wrong, if the sport makes errors, the extraordinary progress that's been made necessary will vanish swiftly," Kogan said.
"And that's what nobody wants in the context of the English game is a major achievement - we've got to keep it going.
"Substantial financial resources flowing into the game and has been invested for the recent generations, because there's no guarantee it will continue to come into football, which is among the factors explaining I think we have to maintain a focused outlook on potential dangers and naturally, of the coming seasons."
Top Flight Apprehensions
The Premier League opposed the creation of a regulator because of concerns about detrimental effects on the Premier League's sporting equality, but the chairman responded: "I completely endorse the prosperity and expansion as an economic entity of the elite league.
"Being fully aware of the concern of undermining the Premier League as a premium product of the nation. But at the same time, if you consult with top flight officials after this week's discussion, they would have had a significant degree of comfort -and, indeed, they have been informing us confidentially they have a considerable comfort."
Ideological Links
The regulator remains subject to a "comprehensive investigation" by the official appointments authority after he disclosed making donations to the opposition group in the past.
The chairman donated money to government minister the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.
"I've been completely open about my former ideological connection [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."