The Portuguese head coach admits that when he learned the club had been given a four-point deduction, he punched something.
Santo and everyone else at Wolves are furious at being docked four points for PSR breaches.
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Asked about the situation by reporters, he said: "I think I punched something that was near to me, I was disappointed.
But that only lasted for a couple of minutes because immediately I knew we had to bounce back from this.
Now it's more a case of reality - we realize it's a tough, difficult situation.
"We have to stick together and go for it - you don't need anything else.
But we have the ambition to stay in the Premier League and that's huge."