That's yet another case of the press (local in this case) picking up random numbers and putting dubious interpretations on them.
St James Holdings is 100% owned and funded by Mike Ashley. He used the company to buy the club for £138 million and also to loan the club a further £150 million making £288 million in total. The club does not owe Ashley for what he paid for it but it does owe him for the money he loaned. So the club does not have debt of £288 million, the figure is £150 million.
we still have 150,000,000 debt? f***ing hell man
£115,000,000 actually.
Still one of the lowest in the PL though?