'Our role is integral to football's future' - independent football regulator the new chairman
The team's ongoing struggles are seen as a "major concern" and the football regulator is seeking powers to examine team situations in comparable cases, its new chair the official has announced.
Through a comprehensive talk, the chairman, who was recently selected, expressed "sympathy" towards supporters of the Owls.
The regulator engaged with four supporters' associations associated with the football team in recent days.
The Championship side have been experiencing difficulties in multiple areas in 2025, with the club missing wage payments on five separate occasions, including in the autumn.
"Obviously the club has become a serious issue for football authorities and a major challenge for the sport," Kogan told.
"Wednesday stands as 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 Wednesday and comparable cases submitted for our review if they require examination and addressed."
Monetary Issues and Leadership Concerns
Wednesday's embattled owner Dejphon Chansiri suggested earlier this year he would be open to selling the club at their home ground, but he has been unable to finalize an agreement with interested parties.
Missed wage deadlines on time in earlier this year resulted in restrictions being imposed by the league officials in mid-year, stopping Wednesday from completing any transfers or loans for the subsequent signing windows, although that restriction was lifted in August.
Authority's Position
Kogan said: "Our role exists to serve the fans of Sheffield Wednesday, teams facing challenges where supporters are loyal to a local institution that has been part of their lives in numerous instances.
"I completely understand the team's plight, as I do for each organization that over recent decades have faced collapse, or nearly ceased operations, for factors unrelated to the followers."
Questioned about whether the authority might compel an owner to sell a club if they are deemed unsuitable, the chairman responded: "When asking whether 'would we intervene in the final instance?', the response would be once we collect the information and comprehend the circumstances, we will."
But the regulator clarified that compelling proprietors to divest clubs would be viewed as the ultimate measure and the oversight body would choose to cooperate with proprietors.
"The final option we would consider is start getting involved with an individual club, an particular chairman, without being able to work with that proprietor to address the problems affecting the organization and the chairman's encountering," Kogan said.
"In actuality, when you look back over the history of the game, over the last 20 or 30 years there have been particular chairmen, a small minority, but some who have been irresponsible in the manner they have operated their clubs and ultimately don't wish to take responsibility for the long-term prospects."
Owls fans have been protesting against owner Dejphon Chansiri in recent months
'If we get it wrong, extraordinary progress vanishes'
The regulator engaged delegates from multiple organizations to detail the scope of the oversight body this week and maintained it represented a "progressive gathering" with a "significant participation" from the grassroots to elite level.
"This position carries substantial significance, because should mistakes occur, if the football community fails, the significant advances achieved might evaporate rapidly," the chairman stated.
"This represents everyone's worst fear in the context of the English game is a substantial accomplishment - we need to continue the progress.
"There's an enormous amount of money flowing into the game and has been invested for the past two decades, because there's no guarantee it will keep flowing into the sport, which is among the factors explaining I think we have to take a really clear view on risk and of course, of the coming seasons."
Elite Division Worries
Top flight officials resisted the formation of an authority because of concerns about detrimental effects on the Premier League's sporting equality, but Kogan said: "I'm absolutely committed to the prosperity and expansion as an financial organization of the elite league.
"I of all people understand the concern of undermining the top flight as an elite competition of the nation. But concurrently, 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 telling us in private they have a considerable comfort."
Partisan Associations
Kogan is still facing a "comprehensive investigation" by the Commissioner for Public Appointments after he disclosed making donations to the political party in the past.
The chairman contributed funds to government minister Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I have been entirely transparent regarding my former ideological connection [with Labour], and that ideological connection terminated the day the select committee approved my appointment," the regulator explained.
"I currently have no participation in any type of partisan engagement."
