'We are going to be a part of football's future' - newly appointed regulator the regulator's chair
The Championship club's persistent issues constitute a "serious issue" and the football regulator is looking to gain the ability to examine team situations in similar circumstances, the recently named head the official has declared.
In a wide-ranging interview, the chairman, who was named to the position this week, expressed "sympathy" towards the club's followers.
The chairman convened with four supporters' associations representing the South Yorkshire club this week.
The team have been facing challenges both on and off the pitch in 2025, with the club delaying salary disbursements on five separate occasions, including in September.
"Evidently Wednesday represents a major concern for the league and a significant problem for football," Kogan told.
"Sheffield Wednesday is one of the great brands for English football and in recent days we have met Sheffield Wednesday supporters' groups.
"We are seeking authority... which will enable us to take Sheffield Wednesday - and other clubs submitted for our review if they warrant scrutiny and addressed."
Economic Challenges and Leadership Concerns
The team's struggling chairman the current owner indicated in the summer he would be willing to sell up at their home ground, but he has not been able to secure a deal with potential new owners.
Missed wage deadlines on time in March and May led to sanctions by the football authorities in mid-year, blocking the team from conducting any recruitment activities for the next three transfer windows, although those limitations were removed in August.
Regulator's Perspective
The regulator explained: "The job [of the regulator] is there for the supporters of Wednesday, Bury or any football club where people are committed to a local institution that has represented their community in multiple situations.
"I fully appreciate Sheffield Wednesday, as I do for every team that over recent decades have faced collapse, or approached financial ruin, for causes separate from the fans themselves."
Questioned about whether the authority might compel an owner to sell a club if they are deemed unsuitable, 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 the chairman emphasized that forcing owners to sell clubs would be treated as a "last resort" and the regulator would prefer to collaborate with owners.
"The final option we would consider is begin intervening in an individual club, an specific proprietor, without having the opportunity to collaborate with that chairman to fix the issues that the club's facing and the owner's facing," Kogan said.
"But the truth is, when you look back over the history of the sport, over the recent generations there have been certain proprietors, few in number, but particular people who have shown negligence in the way which they've been managing their organizations and finally refuse to accept accountability for the coming years."
Sheffield Wednesday supporters have been demonstrating against the current proprietor during the current campaign
'Mistakes could erase significant advances'
The regulator engaged representatives from 110 clubs to detail the scope of the regulator on Wednesday and stated it constituted a "proactive meeting" with a "significant participation" from the lower divisions to the top flight.
"The role holds considerable importance, because if errors are made, if the football community fails, the extraordinary progress that's been made could disappear rapidly," the regulator warned.
"This represents everyone's worst fear in the realm of domestic football is a major achievement - we must maintain momentum.
"There's an enormous amount of money coming into football and has been channeled for the recent generations, because there are no assurances 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
Elite division representatives objected to the creation of a regulator because of fears of a negative impact on the top-flight's competitiveness, but the chairman responded: "I completely endorse the success and growth as an financial organization of the Premier League.
"I of all people understand the concern of undermining the Premier League as a premium product of the nation. But simultaneously, if you talk to the Premier League after this week's discussion, they would have had a significant degree of comfort -and, in fact, they have been advising us privately they have a high level of reassurance."
Partisan Associations
Kogan is still facing a "thorough examination" by the official appointments authority after he acknowledged providing funds to the opposition group in recent years.
The official donated money to government minister Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I have fully disclosed my former ideological connection [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," the regulator explained.
"I am no longer involved in any sort of politics."