Owls chairman Dave Allen has revealed boss Paul Sturrock has parted company with the club after Wednesday fell to new lows in last night's 4-0 drubbing by Colchester United which left Wednesday fourth from bottom in the Championship.
Chairman Dave Allen told the official site: 'Our league position says it all. However, the chairman and directors would like to place on record our thanks to Paul for his efforts.
'No one will forget that wonderful day we had at Cardiff when we won the play-offs and subsequently got promoted to the Championship.
'Unfortunately, in spite of strengthening the squad this year, we have not made the desired progress and, to that end, we need a change in coaching staff.'
Wednesday will announce who is to take charge of the Owls' clash with QPR on Friday while the search for a new manager has already started.
More to follow...
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