The club announced that midfielder James O’Connor is to leave the club on January 1 for the USA despite the Owls manager Gary Megson's attempt to retain the player. O'Conner has played in nine wins, two draws and only one defeat in his recent run in the side.
“I’m really disappointed with James’s decision. James only signed a six-month contract in the summer. I wanted him to stay on and sign for another six months to the end of the season and we’d take it from there.
“I spoke to Paul Aldridge [chief executive] and said I wanted him to firm up Danny Batth, Stephen Bywater and Ben Marshall, and firm up James to the end of the season then try to bring in another player on the right-hand side.”
Off the field the club reported positive news in that it had reduced debt by £41m following the takeover by Milan Mandaric last December.
A statement for the league one club on the accounts for the period of May 31 2010 to May 31 2011 went on to say:
“As well as a major overhaul of the business both on and off the field, we are also able to report the net assets of the business at the end of May 2011 were a healthy £11m compared to the net liabilities of £31m reported at the end of May 2010.
Sheffield Wednesday are currently in 2nd position in League One.