'Our role is integral to football's future' - independent football regulator the new chairman
The team's persistent issues constitute a "serious issue" and the football regulator is seeking powers to investigate clubs in similar circumstances, the recently named head the official has announced.
In a wide-ranging interview, Kogan, who was recently selected, showed understanding towards the club's followers.
The chairman convened with four supporter groups connected to the South Yorkshire club recently.
The football club have been facing challenges both on and off the pitch in the current year, with the club missing wage payments on several different times, including in the autumn.
"Obviously the club has become a serious issue for football authorities and a significant problem for football," Kogan told.
"The club represents one of the historic institutions for football in England and recently we have met fan representatives.
"Our aim is to acquire the ability... which will enable us to take the club and similar situations submitted for our review if they require examination and acted upon."
Monetary Issues and Ownership Situation
The club's controversial proprietor the Thai businessman suggested earlier this year he would be open to selling the club at Hillsborough, but he has not been able to secure a deal with potential new owners.
Delayed salary payments on time in March and May resulted in restrictions being imposed by the football authorities in mid-year, blocking the team from conducting any recruitment activities for the following recruitment periods, although the ban was rescinded in the end of the transfer window.
Official's Viewpoint
Kogan said: "The position was created for the Owls followers, teams facing challenges where fans are dedicated to a local institution that has represented their community in numerous instances.
"I have absolute sympathy for the club's situation, as I do for all the clubs that over recent decades have faced collapse, or approached financial ruin, for causes separate from the fans themselves."
Questioned about whether the regulator could force an owner to sell a club if they are deemed unsuitable, Kogan said: "Should the inquiry concern 'would we intervene in the final instance?', the answer is once we assemble the facts and understand the situation, we will."
But Kogan stressed that compelling proprietors to divest clubs would be viewed as the ultimate measure and the oversight body would choose to collaborate with owners.
"The final option we would consider is commence engagement with an individual club, an specific proprietor, without being in a position to cooperate with that proprietor to address the challenges confronting the team and the owner's facing," the regulator explained.
"However, realistically, when you review the record 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 approach they have taken toward their clubs and ultimately decline to assume obligation for the coming years."
Wednesday followers have been demonstrating against the current proprietor this season
'Errors may undo substantial development'
The regulator engaged officials from numerous teams to detail the scope of the regulator on Wednesday and insisted it was a "proactive meeting" with a "significant participation" from the National League to the Premier League.
"This position carries substantial significance, because should mistakes occur, if the sport makes errors, the extraordinary progress that's been made could disappear swiftly," Kogan said.
"Such an outcome is universally undesirable in the context of the English game is a huge success story - we need to continue the progress.
"There's an enormous amount of money entering the sport and has been invested for the recent generations, because certainty is lacking 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 risk and of course, of the coming seasons."
Premier League Concerns
Top flight officials resisted the creation of a regulator because of fears of a negative impact on the elite division's competitive balance, but the chairman responded: "I'm absolutely committed to the prosperity and expansion as an financial organization of the Premier League.
"Being fully aware of the worry about compromising the Premier League as a premium product of England. But concurrently, if you talk to the Premier League after today's meeting, they would have had a substantial amount of confidence -and, actually, they have been telling us in private they have a considerable comfort."
Ideological Links
The regulator remains subject to a "comprehensive investigation" by the public appointments commissioner after he acknowledged providing funds to the political party in the past.
The official contributed funds to Secretary of State for Culture, Media and Sport the politician's campaign, along with that of the current Prime Minister.
"I have been entirely transparent regarding my past party membership [with Labour], and that ideological connection terminated the day the parliamentary committee confirmed my selection," the chairman stated.
"I am presently disconnected from any type of partisan engagement."
