'Our role is integral to football's future' - football oversight chief the regulator's chair
The team's persistent issues represent a a "serious issue" and the independent regulator is seeking powers to investigate clubs in similar circumstances, the recently named head the official has declared.
During an extensive discussion, Kogan, who was recently selected, showed understanding towards supporters of the Owls.
The chairman convened with four fan organizations associated with the football team this week.
The Championship side have been struggling on and off the field in the current year, with the club failing to pay players on time on five separate occasions, including in last month.
"Evidently Wednesday represents 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 recently we have met fan representatives.
"We are seeking authority... which will allow us to have Wednesday and comparable cases submitted for our review if they require examination and dealt with."
Monetary Issues and Proprietorship Status
Wednesday's embattled owner the Thai businessman indicated in the summer he would be willing to sell up at the stadium, but he has been unable to finalize an agreement with potential new owners.
Failure to pay player wages on time in spring months resulted in restrictions being imposed by the football authorities in summer, preventing the club from carrying out any recruitment activities for the subsequent signing windows, although that restriction was lifted in August.
Authority's Position
Kogan said: "The job [of the regulator] is there for the supporters of Wednesday, Bury or any football club where fans are dedicated to a local institution that has existed throughout their lifetimes in numerous instances.
"I have absolute sympathy for the club's situation, as I do for each organization that since 1992 have gone to the wall, or been close to going to the wall, for factors unrelated to the followers."
Questioned about whether the regulator could force an proprietor to divest a club if they are considered unfit, the regulator answered: "If your question is 'would we intervene in the final instance?', the response would be once we gather the evidence and know what's going on, we will."
But Kogan stressed that compelling proprietors to divest clubs would be treated as a "last resort" and the authority would rather to collaborate with owners.
"The final option we would consider is start getting involved with an particular organization, an individual owner, without being able to work with that proprietor to address the challenges confronting the team and the chairman's encountering," Kogan said.
"But the truth is, when you look back over the history of football, over the last 20 or 30 years there have been particular chairmen, few in number, but some who have been irresponsible in the manner they have operated their organizations and finally don't wish to take responsibility for the coming years."
Wednesday followers have been voicing opposition to owner Dejphon Chansiri during the current campaign
'If we get it wrong, extraordinary progress vanishes'
Kogan met with officials from numerous teams to lay out the remit of the regulator on Wednesday and maintained it represented a "forward-thinking discussion" with a "high level of engagement" from the lower divisions to the top flight.
"This position carries substantial significance, because should mistakes occur, if the football community fails, the extraordinary progress that's been made might evaporate swiftly," Kogan said.
"And that's what nobody wants in the context of the English game is a major achievement - we must maintain momentum.
"Considerable investment flowing into the game and has been channeled for the recent generations, because certainty is lacking it will persist in entering the game, which is one of the reasons why I think we have to adopt a precise perspective on potential dangers and naturally, of the coming seasons."
Elite Division Worries
Top flight officials resisted the creation of a regulator because of apprehensions regarding adverse consequences 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.
"I of all people understand the worry about compromising the top flight as an elite competition of England. But concurrently, if you talk to the Premier League after this week's discussion, they would have had a high level of reassurance -and, indeed, they have been telling us in private they have a significant confidence."
Ideological Links
Kogan is still facing a "full inquiry" by the official appointments authority after he revealed he contributed money to the political party in 2020.
The chairman donated money to Culture Secretary the minister's leadership bid, along with that of the current Prime Minister.
"I have fully disclosed my previous political affiliation [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," Kogan said.
"I am presently disconnected from any type of partisan engagement."
