'Our role is integral to football's future' - football oversight chief the regulator's chair
The team's persistent issues are seen as a "serious issue" and the new football authority is looking to gain the ability to look into club affairs in similar circumstances, its new chair the regulator has announced.
In a wide-ranging interview, the regulator, who was appointed on Monday, voiced concern towards Wednesday's fanbase.
The regulator engaged with four supporters' associations associated with the Championship side this week.
The team have been experiencing difficulties in multiple areas in the current year, with the club delaying salary disbursements on five separate occasions, including in last month.
"Clearly Sheffield Wednesday has been a significant problem for EFL and a major challenge for the sport," the chairman stated.
"Wednesday stands as one of the historic institutions for football in England and in recent days we have met Sheffield Wednesday supporters' groups.
"We are seeking authority... which will enable us to take the club and similar situations referred to us if they warrant scrutiny and addressed."
Monetary Issues and Proprietorship Status
The team's struggling chairman the current owner stated during the off-season he would be willing to sell up at their home ground, but he has failed to complete a sale with potential new owners.
Failure to pay player wages on time in spring months resulted in restrictions being imposed by the football authorities in mid-year, preventing the club from carrying out any transfers or loans for the next three transfer windows, although those limitations were removed in August.
Authority's Position
Kogan said: "The job [of the regulator] is there for the fans of Sheffield Wednesday, other clubs in similar situations where supporters are loyal to a regional establishment that has represented their community in numerous instances.
"I completely understand the team's plight, as I do for every team that in modern times have encountered failure, or approached financial ruin, for factors unrelated to the fans themselves."
Inquired if the regulator could force an proprietor to divest a club if they are considered unfit, Kogan said: "When asking whether 'would we intervene in the final instance?', the response would be once we gather the evidence and understand the situation, we will."
But Kogan stressed that requiring chairmen to relinquish clubs would be considered the final option 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 being able to work with that proprietor to address the problems affecting the organization and the proprietor's dealing with," the chairman stated.
"But the truth is, when you examine the past of the game, over the recent generations there have been particular chairmen, a small minority, but certain individuals who have acted carelessly in the manner they have operated their clubs and ultimately refuse to accept accountability for the future."
Owls fans have been demonstrating against owner Dejphon Chansiri during the current campaign
'Errors may undo substantial development'
The regulator engaged officials from numerous teams to explain the responsibilities of the oversight body this week and insisted it was a "forward-thinking discussion" with a "high level of engagement" from the lower divisions to the top flight.
"It's a job that's actually really important, because if errors are made, if the world of football gets it wrong, the significant advances achieved necessary will vanish rapidly," Kogan said.
"And that's what nobody wants in the context of the English game is a substantial accomplishment - we must maintain momentum.
"Considerable investment coming into football and has come into football for the last 20 or 25 years, because there's no guarantee it will keep flowing into the sport, which is part of the rationale behind I think we have to take a really clear view on challenges and obviously, of the immediate future."
Elite Division Worries
The Premier League opposed the formation of an authority because of fears of a negative impact on the top-flight's competitiveness, but the chairman responded: "I'm absolutely committed to the achievement and development as an commercial operation of the top division.
"As someone who appreciates the worry about compromising the top flight as an elite competition of England. But simultaneously, if you consult with top flight officials after this week's discussion, they would have had a high level of reassurance -and, in fact, they have been informing us confidentially they have a significant confidence."
Ideological Links
The chairman continues to confront a "full inquiry" by the public appointments commissioner after he acknowledged providing funds to the Labour Party in the past.
The 68-year-old donated money to Secretary of State for Culture, Media and Sport the politician's campaign, along with that of the government leader.
"I have been entirely transparent regarding my previous political affiliation [with Labour], and that party membership ceased the day the official body endorsed my nomination," the chairman stated.
"I am presently disconnected from any form of political activity."