A succession of different managers allied with a transfer embargo has hindered the two-time European Cup winners.
From the glory days of the late 70's and early 80's to mid-table mediocrity in England's second tier. Nottingham Forest's fall from European Cup winners to Championship also rans is a stark warning for clubs currently enjoying success both on the domestic and continental stages.
The East-Midlanders were plunged into a turbulent era of instability in 2012 when the AL-Hasawi family completed their takeover of the club. Things have progressively got worse, with the changing of management a frequent occurrence. Stuart Pearce took over as manager in July 2014, and was sacked just seven months later, making way for another ex-Forest player, Dougie Freedman. The Scotsman only lasted just over a year, and so the cycle went on.
As Forest languish in 15th place in the Championship, with another caretaker manager at the helm - Paul Williams, their fans must be wondering if there will ever be a return to the top division, let alone the glory days of 30 plus years ago.
Just before the turn of the year, things were made even worse for Forest when it was announced that they, along with Bolton and Fulham, would be receiving a transfer embargo until the end of the current season. The Independent explained why they were punished:
"Nottingham Forest were sanctioned after exceeding an adjusted loss of £6million - the maximum rules allow."
With the squad crippled by injuries, the news could not have come at a worse time.
Questions surely have to be asked of owner - Fawaz Al-Hasawi. The revolving door culture currently present at the City Ground can only be detrimental to the club.
During the Kuwaiti's reign, there have been seven managers (including caretakers) at the helm, when in reality, they need stability more than anything else.
This is the kind of crisis many clubs have faced before, and one way to help excavate Forest from the situation they find themselves in would be to invest in their youth academy, and promote promising youngsters into the first team squad.
One of those promising youngsters - Tyler Walker, has just been loaned out to League 1 Burton Albion, and he, along with other academy graduates, may be where Forest fans have to pin their hopes on a revival for their club.
It will all be dependant, however, on the patience of their owner.