'We are going to be a part of football's future' - football oversight chief the new chairman
The Championship club's persistent issues are seen as a "significant problem" and the football regulator is seeking powers to examine team situations in such situations, its new chair the regulator has declared.
In a wide-ranging interview, Kogan, who was appointed on Monday, showed understanding towards the club's followers.
Kogan met with four supporter groups connected to the South Yorkshire club in recent days.
The Championship side have been facing challenges both on and off the pitch in the current year, with the club failing to pay players on time on multiple instances, including in the autumn.
"Evidently Wednesday represents a serious issue for football authorities and a major challenge for the sport," the regulator explained.
"Wednesday stands as one of the great brands for the English game and in recent days we have met fan representatives.
"Our aim is to acquire the ability... which will enable us to take Wednesday and comparable cases submitted for our review if they warrant scrutiny and addressed."
Economic Challenges and Leadership Concerns
The team's struggling chairman the current owner 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 potential new owners.
Delayed salary payments on time in earlier this year caused limitations by the English Football League (EFL) in June, preventing the club from carrying out any recruitment activities for the following recruitment periods, although the ban was rescinded in August.
Official's Viewpoint
The chairman stated: "Our role exists to serve the supporters of Wednesday, Bury or any football club where supporters are loyal to a regional establishment that has existed throughout their lifetimes in multiple situations.
"I completely understand the club's situation, as I do for every team that since 1992 have gone to the wall, or approached financial ruin, for causes separate from the supporters."
When asked if the regulator could force 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 comprehend the circumstances, we will."
But Kogan stressed that forcing owners to sell clubs would be considered the final option and the authority would rather to collaborate with owners.
"The final option we would consider is begin intervening in an particular organization, an individual owner, without being able to work with that chairman to fix the challenges confronting the team and the proprietor's dealing with," the chairman stated.
"However, realistically, when you review the record of the sport, over the recent generations there have been particular chairmen, a small minority, but some who have been irresponsible in the manner they have operated their organizations and finally don't wish to take responsibility for the coming years."
Wednesday followers have been demonstrating against owner Dejphon Chansiri this season
'Errors may undo substantial development'
Kogan met with representatives from 110 clubs to lay out the remit of the oversight body this week and stated it constituted a "proactive meeting" with a "high level of engagement" from the lower divisions to the top flight.
"This position carries substantial significance, because if we get it wrong, if the sport makes errors, the significant advances achieved could disappear rapidly," the chairman stated.
"And that's what nobody wants in the realm of domestic football is a huge success story - we've got to keep it going.
"Considerable investment entering the sport and has been channeled for the past two decades, because there are no assurances it will continue to come into football, which is part of the rationale behind I think we have to adopt a precise perspective on risk and of course, of the immediate future."
Elite Division Worries
Elite division representatives objected to the creation of a regulator because of apprehensions regarding adverse consequences on the Premier League's sporting equality, but Kogan said: "I completely endorse the achievement and development as an economic entity of the Premier League.
"As someone who appreciates the apprehension regarding damaging the Premier League as a premium product of the nation. But concurrently, if you talk to the Premier League after today's meeting, they would have had a significant degree of comfort -and, in fact, they have been informing us confidentially they have a considerable comfort."
Political Connections
Kogan is still facing a "thorough examination" by the official appointments authority after he acknowledged providing funds to the opposition group in recent years.
The official donated money to Secretary of State for Culture, Media and Sport Lisa Nandy's leadership campaign, along with that of the government leader.
"I have fully disclosed my previous political affiliation [with Labour], and that ideological connection terminated the day the select committee approved my appointment," the chairman stated.
"I currently have no participation in any type of partisan engagement."