Liverpool were considering whether to appeal the ban imposed on Luis Suarez after the panel that found him guilty of racial abuse released a report accusing him of giving "unreliable" and "incredible" evidence.
The 24-year-old Uruguay international was hit with an eight game ban and fined $40,000 last month for racially abusing Manchester United defender Patrice Evra during a match at Anfield on October 15.
Liverpool took the highly unusual step of denouncing the Football Association disciplinary panel's judgment, published on December 20, in the strongest possible terms, and insisting Suarez was not a racist.
But on Saturday the panel, chaired by leading lawyer Paul Goulding, released a detailed 115-page ruling where they said elements of Suarez's testimony had been "incredible" given the ill-tempered nature of his exchanges with Evra.
The report revealed Suarez had called Evra a "negro" no fewer than seven times during the match. Liverpool responded to publication of the panel's detailed decision with a brief statement that said: "The club can confirm that they received the written reasons from the Regulatory Commission at short notice last (Friday) night on the evening of the game against Newcastle United.
"The player, the club and our legal advisors will now take the necessary amount of time to read, digest and properly consider the contents of the 115 page judgment and will make no further comment at present."
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