'We are going to be a part of football's future' - football oversight chief the new chairman
The team's current difficulties are seen as a "major concern" and the independent regulator is aiming to acquire authority to investigate clubs in such situations, the newly appointed chairman the regulator has stated.
Through a comprehensive talk, Kogan, who was named to the position this week, voiced concern towards supporters of the Owls.
The regulator engaged with four fan organizations representing the Championship side recently.
The Championship side have been struggling on and off the field in 2025, with the club failing to pay players on time on multiple instances, including in the autumn.
"Clearly Sheffield Wednesday has been a significant problem for EFL and a significant problem for football," Kogan told.
"Wednesday stands as one of the historic institutions for English football and in recent days we have met supporters' organizations.
"We're now looking to get powers... which will enable us to take Sheffield Wednesday - and other clubs submitted for our review if they require examination and dealt with."
Economic Challenges and Ownership Situation
The team's struggling chairman the Thai businessman suggested earlier this year he would be open to selling the club at Hillsborough, but he has failed to complete a sale with prospective buyers.
Failure to pay player wages on time in March and May led to sanctions by the league officials in June, blocking the team from conducting any recruitment activities for the next three transfer windows, although those limitations were removed in the end of the transfer window.
Authority's Position
Kogan said: "The position was created for the Owls followers, Bury or any football club where supporters are loyal to a regional establishment that has represented their community in many cases.
"I completely understand Sheffield Wednesday, as I do for each organization that since 1992 have gone to the wall, or nearly ceased operations, for factors unrelated to the fans themselves."
When asked if the authority might compel an chairman to relinquish a club if they are deemed unsuitable, the regulator answered: "Should the inquiry concern 'would we intervene in the final instance?', the answer is once we gather the evidence and know what's going on, we will."
But the regulator clarified that forcing owners to sell clubs would be treated as a "last resort" and the authority would rather to work with them.
"The final option we would consider is begin intervening in an individual club, an specific proprietor, without being able to work with that chairman to fix the challenges confronting the team and the proprietor's dealing with," the chairman stated.
"But the truth is, when you review the record of the sport, over the recent generations there have been certain proprietors, a small minority, but some who have been irresponsible in the approach they have taken toward their clubs and ultimately decline to assume obligation for the coming years."
Owls fans have been demonstrating against owner Dejphon Chansiri in recent months
'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 "proactive meeting" with a "significant participation" from the grassroots to elite level.
"This position carries substantial significance, because if we get it wrong, if the football community fails, the remarkable development accomplished could disappear swiftly," Kogan said.
"And that's what nobody wants in the realm of domestic football is a substantial accomplishment - we've got to keep it going.
"There's an enormous amount of money coming into football and has been invested for the recent generations, because there's no guarantee it will keep flowing into the sport, 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
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 achievement and development as an economic entity of the Premier League.
"Being fully aware of the worry about compromising the top flight as an elite competition of the nation. But simultaneously, if you engage with division representatives after this week's discussion, they would have had a substantial amount of confidence -and, in fact, they have been advising us privately they have a high level of reassurance."
Political Connections
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 official donated money to Culture Secretary the politician's campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I've been completely open about my past party membership [with Labour], and that ideological connection terminated the day the parliamentary committee confirmed my selection," the chairman stated.
"I currently have no participation in any sort of politics."
