Birmingham City claim to have made changes to ensure spending rules are not broken again, but the Championship club are yet to confirm if they will appeal against a nine-point deduction.
The English Football League (EFL) announced on Friday that Birmingham have been docked points following an investigation into the club’s finances.
Birmingham were found to have breached rules on profitability and sustainability, with the deduction immediately coming into effect.
Garry Monk’s side therefore drop from 13th in the Championship table to 18th, five points clear of the relegation zone, with eight games of the season to go.
Birmingham have 14 days to decide whether or not to lodge an appeal against the punishment, with the club releasing a statement in response to the EFL’s announcement.