On Monday, the Reds lost four points for violating the profit and sustainability regulations by £34.5 million.
Clubs had a maximum loss of £105 million over three years; however, as Forest played in the Championship for two of the evaluation period, their maximum loss was set at £61 million.
“This is a club that, for lack of a better phrase, gave it a shot,” Warburton remarked.
Warburton told BBC Radio Nottingham, “There are teams that have come up, not really reacted, not strengthened the squad, taken the money and been immediately relegated.”
“They are obviously in a stronger financial position, but is that really what the Premier League money is for?”
In 2022, Forest made an incredible comeback to the Premier League following a 23-year hiatus.
Even though they were at the bottom of the second division in September of the 2021–22 season, Steve Cooper turned them into the most unlikely team to make it to the Premier League, leading them to victory over Huddersfield in the play-off final.
The Wembley main event is frequently hailed as the most lucrative football match in the world; at the time of its rise, Forest was reportedly valued at roughly £170 million.
After making it back to the first division, they went on a spending binge that summer, agreeing to five loan agreements and bringing in a British record 22 new players. They spent £142.8 million on transfers during the 2022–2023 season.
Forest said they were “extremely disappointed” with the decision that they felt “raises issues of concern for all aspirant clubs” after receiving the points penalty this week that sent them into the relegation zone.
When Greek shipping tycoon Evangelos Marinakis acquired Forest in 2017, Warburton, the former manager of Brentford and Rangers, took over as Forest’s owner. According to Warburton, he “understands Forest’s frustrations and concerns”.
“Forest have gone out, bought players, and they had to do that,” he stated.
“They needed to invest in the team in order to give themselves a genuine and legitimate chance of surviving in the division, and they had two years in the Championship to earn promotion.
“The fact that Forest has demonstrated that degree of desire, bolstered the team, and spent the cash will excite Forest supporters.
“I can thus relate to their frustrations. Their punishment in this way must be extremely infuriating, as they have done what they believe to be the correct thing.”
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