'We are going to be a part of football's future' - newly appointed regulator the new chairman
The team's current difficulties represent a a "serious issue" and the new football authority is looking to gain the ability to examine team situations in such situations, its new chair the official has declared.
In a wide-ranging interview, Kogan, who was appointed on Monday, expressed "sympathy" towards Wednesday's fanbase.
Kogan met with four fan organizations associated with the Championship side recently.
The football club have been experiencing difficulties in multiple areas in the current year, with the club missing wage payments on several different times, including in the autumn.
"Evidently Wednesday represents a serious issue for football authorities and a substantial concern for English football," Kogan told.
"Wednesday stands as one of the iconic names for English football and in recent days we have met Sheffield Wednesday supporters' groups.
"We're now looking to get powers... which will enable us to take the club and similar situations referred to us if they warrant scrutiny and acted upon."
Monetary Issues and Leadership Concerns
The club's controversial proprietor the Thai businessman stated during the off-season he would be prepared to relinquish control at Hillsborough, but he has been unable to finalize an agreement with interested parties.
Delayed salary payments on time in March and May led to sanctions by the football authorities in June, preventing the club from carrying out any transfers or loans for the next three transfer windows, although the ban was rescinded in late summer.
Authority's Position
The regulator explained: "Our role exists to serve the supporters of Wednesday, teams facing challenges where people are committed to a community organization that has existed throughout their lifetimes 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 approached financial ruin, for causes separate from the supporters."
Questioned about whether the regulator could force an chairman to relinquish a club if they are judged inappropriate, Kogan said: "Should the inquiry concern '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 the chairman emphasized that requiring chairmen to relinquish 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 specific team, an particular chairman, without having the opportunity to collaborate with that owner to try and resolve the challenges confronting the team and the owner's facing," the chairman stated.
"In actuality, when you examine the past of the sport, over the last 20 or 30 years there have been some owners, few in number, but certain individuals who have acted carelessly in the manner they have operated their organizations and finally refuse to accept accountability for the coming years."
Wednesday followers have been demonstrating against the team's chairman this season
'Errors may undo substantial development'
The regulator engaged delegates from multiple organizations to detail the scope of the authority recently and stated it constituted a "proactive meeting" with a "high level of engagement" from the National League to the Premier League.
"The role holds considerable importance, because should mistakes occur, if the football community fails, the significant advances achieved could disappear swiftly," Kogan said.
"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 entering the sport and has been invested for the past two decades, because there are no assurances it will continue to come into football, which is one of the reasons why I think we have to maintain a focused outlook on risk and of course, of the coming seasons."
Top Flight Apprehensions
Elite division representatives objected to the creation of a regulator because of apprehensions regarding adverse consequences on the elite division's competitive balance, but the regulator stated: "I fully support the success and growth as an financial organization of the Premier League.
"As someone who appreciates the apprehension regarding damaging the top flight as an elite competition of England. But simultaneously, if you consult with top flight officials after today's meeting, they would have had a significant degree of comfort -and, indeed, they have been informing us confidentially they have a high level of reassurance."
Ideological Links
The regulator remains subject to a "comprehensive investigation" by the public appointments commissioner after he revealed he contributed money to the political party in recent years.
The 68-year-old donated money to Culture Secretary the politician's campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I have been entirely transparent regarding my past party membership [with Labour], and that political affiliation came to an end the day the select committee approved my appointment," Kogan said.
"I currently have no participation in any form of political activity."