Nottingham Forest have lodged an appeal against a four-point deduction in relation to their breach of the Premier League's Profit & Sustainability Rules (PSR), the club said on Monday.

Forest were plunged into the relegation zone last week after having four points deducted for breaking financial rules in the 2022-23 season, leaving them in 18th place on 21 points, one point from safety.

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Forest said last week they were extremely disappointed with the decision and had seven days to appeal. Earlier this season, Everton had their points deduction for breaching Premier League financial rules reduced to six points from 10 after an appeal.

Premier League regulations stipulate that a club can lose no more than 105 million ($133.6m) over a three-year period.

The rules apply differently to Forest, owing to the fact that they were in the second-tier Championship until 2022, where clubs are permitted a maximum loss of 39m ($49.6m) across three seasons or 13m ($16.6m) per season, meaning their permissible losses over the last three campaigns would add up to 61m ($77.7m).

Upon their promotion ahead of the 2022-23 season, Forest broke the record for most transfers by a Premier League club in the close-season window with 21 separate deals completed.