'We are going to be a part of football's future' - newly appointed regulator the regulator's chair
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 regulator has declared.
In a wide-ranging interview, the chairman, who was appointed on Monday, expressed "sympathy" towards Wednesday's fanbase.
The chairman convened with four fan organizations associated with the South Yorkshire club this week.
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 five separate occasions, including in last month.
"Clearly Sheffield Wednesday has been a serious issue for football authorities and a significant problem for football," the chairman stated.
"Sheffield Wednesday is one of the historic institutions for the English game and this week we have met fan representatives.
"We're now looking to get powers... which will allow us to have Sheffield Wednesday - and other clubs referred to us if they need to be investigated and dealt with."
Financial Struggles and Proprietorship Status
Wednesday's embattled owner Dejphon Chansiri stated during the off-season he would be prepared to relinquish control at the stadium, but he has not been able to secure a deal with potential new owners.
Failure to pay player wages on time in earlier this year led to sanctions by the football authorities in summer, 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the team from conducting any recruitment activities for the following recruitment periods, although the ban was rescinded in the end of the transfer window.
Regulator's Perspective
The regulator explained: "The position was created for the fans of Sheffield Wednesday, teams facing challenges where fans are dedicated to a community organization that has existed throughout their lifetimes in multiple situations.
"I have absolute sympathy for Sheffield Wednesday, as I do for each organization that over recent decades have faced collapse, or been close to going to the wall, for factors unrelated to the supporters."
When asked if the authority might compel an owner to sell a club if they are considered unfit, Kogan said: "When asking whether 'would we intervene in the final instance?', the reply is once we assemble the facts and know what's going on, we will."
But the regulator clarified that forcing owners to sell clubs would be considered the final option and the authority would rather to cooperate with proprietors.
"Our least desirable course of action is commence engagement with an specific team, an specific proprietor, without having the opportunity to collaborate with that chairman to fix the problems affecting the organization and the owner's facing," Kogan said.
"However, realistically, when you look back over the history of the game, over the past few decades there have been some owners, few in number, but particular people who have shown negligence in the way which they've been managing their organizations and finally decline to assume obligation for the coming years."
Wednesday followers have been voicing opposition to owner Dejphon Chansiri in recent months
'Mistakes could erase significant advances'
Kogan met with officials from numerous teams to detail the scope of the authority recently and insisted it was a "proactive meeting" with a "significant participation" from the lower divisions to the top flight.
"The role holds considerable importance, because should mistakes occur, if the sport makes errors, the remarkable development accomplished necessary will vanish incredibly quickly," the regulator warned.
"This represents everyone's worst fear in the realm of domestic football is a major achievement - we've got to keep it going.
"Substantial financial resources entering the sport and has been invested for the recent generations, because certainty is lacking it will keep flowing into the sport, which is one of the reasons why I think we have to adopt a precise perspective on potential dangers and naturally, of the next two or three years."
Premier League Concerns
The Premier League opposed the creation of a regulator because of concerns about detrimental effects on the top-flight's competitiveness, but the chairman responded: "I fully support the prosperity and expansion as an commercial operation of the top division.
"As someone who appreciates the concern of undermining the division as a high-quality offering of the nation. But simultaneously, if you consult with top flight officials after the recent gathering, they would have had a high level of reassurance -and, in fact, they have been advising us privately they have a high level of reassurance."
Political Connections
The regulator remains subject to a "thorough examination" by the Commissioner for Public Appointments after he disclosed making donations to the opposition group in recent years.
The chairman provided financial support for Secretary of State for Culture, Media and Sport Lisa Nandy's leadership campaign, along with that of the current Prime Minister.
"I've been completely open about my past party membership [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," the chairman stated.
"I am no longer involved in any sort of politics."