Forest are furious at how they have lost four points in this season's top flight due to financial rules breaches.
Forest are angry at how the panel that decided the verdict did not take into account their sale of Brennan Johnson to Tottenham in August.
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In their statement, the club stated that it still took steps to ensure Brennan Johnson was sold before the end of the transfer window" and that was a clear demonstration of our respect and support for PSR."
Forest are not the only team that have gone through this experience so far this season.
Everton have been docked six points and may yet get another points deduction.