Nottingham Forest were unsuccessful in their appeal to overturn a four-point deduction in relation to their breach of the Premier League's profit and sustainability rules (PSR) in the 2022/23 season, the league said on Tuesday.
Forest lodged the appeal after the deduction in March left them vulnerable to a relegation threat. They are currently 17th with 29 points, three points above the bottom three with two matches to go.
"An independent Appeal Board has upheld the decision of a Commission to deduct four points from Nottingham Forest following an admitted breach of the Premier League’s Profitability and Sustainability Rules," the league said in a statement.
Forest had admitted to breaching their maximum loss threshold of £61 million by £34.5 million, according to the Premier League.