Forest have been penalized four points, putting them in the relegation zone, after being judged to have infringed the rules.
An independent commission determined that Forest's losses for 2022-23 exceeded the Ā£61 million threshold by Ā£34.5 million.
Forest, who say they are "dismayed" by the result, are anticipated to appeal, with any decision due by May 24, five days after the Premier League season ends.
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