Nottingham Forest was “extremely disappointed” by the decision to dock them four points for breaking Premier League financial regulations.
With nine games remaining and one point from safety, Forest is now 18th in the Premier League and in the relegation zone as a result of the deduction.
Forest is thinking about its options, such as filing an appeal.
The Premier League said Forest admitted breaching profitability and sustainability rules (PSR) by £34.5 million above their permitted threshold of £61 million.
Forest are unhappy about the Premier’s League’s submission to the independent commission, which imposed the sanction, and claim trust in the governing body has now been eroded after it initially pushed for an eight-point deduction.
A club statement read: “Nottingham Forest is extremely disappointed with the decision of the Commission to impose a sanction on the Club of four points, to be applied with immediate effect.
“We were extremely dismayed by the tone and content of the Premier League’s submissions before the commission.
“After months of engagement with the Premier League, and exceptional cooperation throughout, this was unexpected and has harmed the trust and confidence we had in the Premier League.