'Our role is integral to football's future' - independent football regulator the new chairman
The team's current difficulties constitute a "serious issue" and the new football authority is looking to gain the ability to look into club affairs in comparable cases, its new chair the regulator has declared.
Through a comprehensive talk, Kogan, who was recently selected, expressed "sympathy" towards the club's followers.
Kogan met with four supporters' associations representing the South Yorkshire club recently.
The football club have been struggling on and off the field in 2025, with the club delaying salary disbursements on several different times, including in the autumn.
"Obviously the club has become a significant problem for EFL and a major challenge for the sport," Kogan told.
"Wednesday stands as one of the historic institutions for football in England and this week we have met supporters' organizations.
"Our aim is to acquire the ability... which will permit us to bring the club and similar situations submitted for our review if they warrant scrutiny and acted upon."
Economic Challenges and Leadership Concerns
Wednesday's embattled owner the Thai businessman stated during the off-season he would be open to selling the club at Hillsborough, but he has been unable to finalize an agreement with prospective buyers.
Failure to pay player wages on time in spring months caused limitations by the football authorities in summer, preventing the club from carrying out any player acquisitions for the following recruitment periods, although the ban was rescinded in August.
Authority's Position
Kogan said: "Our role exists to serve the Owls followers, Bury or any football club where supporters are loyal to a community organization that has been part of their lives in many cases.
"I have absolute sympathy for the club's situation, as I do for all the clubs that in modern times have encountered failure, or been close to going to the wall, for reasons that have nothing to do with the fans themselves."
Questioned about whether the authority might compel an proprietor to divest a club if they are judged inappropriate, the chairman responded: "When asking whether 'would we intervene in the final instance?', the reply is once we gather the evidence and know what's going on, we will."
But Kogan stressed that compelling proprietors to divest clubs would be viewed as the ultimate measure and the regulator would prefer to work with them.
"The final option we would consider is start getting involved with an individual club, an individual owner, without having the opportunity to collaborate with that proprietor to address the issues that the club's facing and the chairman's encountering," Kogan said.
"In actuality, when you look back over the history of the sport, over the recent generations there have been certain proprietors, not many, but certain individuals who have acted carelessly in the approach they have taken toward their clubs and ultimately don't wish to take responsibility for the future."
Wednesday followers have been protesting against owner Dejphon Chansiri during the current campaign
'Errors may undo substantial development'
Kogan met with representatives from 110 clubs to explain the responsibilities of the regulator on Wednesday and maintained it represented a "proactive meeting" with a "high level of engagement" from the lower divisions to the top flight.
"The role holds considerable importance, because if errors are made, if the world of football gets it wrong, the extraordinary progress that's been made necessary will vanish swiftly," the chairman stated.
"Such an outcome is universally undesirable in the context of the English game is a huge success story - we must maintain momentum.
"Considerable investment coming into football and has been channeled for the past two decades, because there's no guarantee it will continue to come into football, which is part of the rationale behind I think we have to maintain a focused outlook on risk and of course, of the coming seasons."
Elite Division Worries
Top flight officials resisted the establishment of an oversight body because of concerns about detrimental effects on the top-flight's competitiveness, but the chairman responded: "I completely endorse the achievement and development as an economic entity of the top division.
"I of all people understand the apprehension regarding damaging the Premier League as a premium product of England. 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 telling us in private they have a considerable comfort."
Partisan Associations
The chairman continues to confront a "full inquiry" by the official appointments authority after he disclosed making donations to the Labour Party in recent years.
The 68-year-old donated money to Culture Secretary the minister's leadership bid, along with that of the now Prime Minister Sir Keir Starmer.
"I have been entirely transparent regarding my past party membership [with Labour], and that ideological connection terminated the day the official body endorsed my nomination," Kogan said.
"I am presently disconnected from any form of political activity."
