The independent panel will hold a sanctions hearing – which could take months to convene – to decide on City’s punishment.
The club can appeal both the guilty verdicts and the sanction, leaving the league in a state of uncertainty.
City’s punishment could range from a huge fine, being deducted points or being ejected from the Premier League.
Asked how crucial it is that it was resolved as soon as possible, Kogan said: “I think it’s very important.”
Kogan added that the case was “raising very serious issues if Manchester City on appeal is found to be guilty of the allegations within those findings”.
“We are waiting like everybody else to see what the independent panel will do… and then we will bring in a view in terms of our own investigation and statutory powers if we need to do so.
“Our powers relate to individual owners, directors and senior executives. They refer to whether people are in a position to run a club in a way that is safe, coherent and done with probity, and we will be examining those things.”
When asked if the IFR could withhold a club license from City when it starts awarding them from next month, Kogan said: “I’m not going to begin to comment on any actions we may take until we’ve had a chance to assess it.”
And on whether the case had raise questions about the state-connected ownership of clubs, Kogan replied: “No, I don’t think specifically it does. We have no powers to prevent state ownership of clubs. It’s not within our remit. But I don’t think you can apply a general observation about type of ownership to one particular example.”
An independent commission held a 42-day hearing in 2024 that led to the verdict announced last month, with City also guilty of all charges except one relating to non-cooperation with the Premier League investigation.
The commission’s report said that “a number of important club witnesses gave false evidence in key respects and that some knowingly gave untrue and dishonest evidence”.
