The club have long co-operated with the families of the deceased to uncover the events of April 15 1989, and after a 23 year battle, their fans have been cleared of any wrong-doing during tragedy, and have instead been proven the victims of gross misconduct from a variety of parties, including police and politicians.
Following the release of the Panel's findings on Wednesday, Liverpool have since released a statement praising the report, while also thanking Prime Minister David Cameron for his apology on behalf of the government.
The statement reads: "Over the last 23 years the families who lost loved ones and the survivors of this terrible tragedy have shown immense dignity and resilience in their tireless campaign for justice.
"For 23 years they have campaigned for the full disclosure of documents relating to the disaster and for someone to take responsibility for what happened. Today, following years of inquiries, investigations and setbacks, the Hillsborough Independent Panel has announced its findings in relation to the disaster.
"Liverpool Football Club commends the Hillsborough Independent Panel report which acknowledges the avoidable catastrophic failures before, during and after the disaster. The club also welcomes the Prime Minister's apology to the families and survivors on behalf of the Government and await the Attorney General's pending review of the report. After 23 long and painful years, our fans have finally been fully exonerated of all blame. Today, the world knows what we have always known, that Liverpool fans were not just innocent on that terrible day but that there was reprehensible and hurtful misrepresentation of the truth.
"Liverpool Football Club would like to thank the Hillsborough Independent Panel for its rigorous work over the past two-and-a-half years and for publishing a comprehensive report based on the in-depth research and analysis into hundreds of thousands of documents."
Club chairman Tom Werner added: "On behalf of myself, John and everyone at the club, I would like to extend our thoughts and prayers on this hugely significant and deeply emotional day to everyone affected by the Hillsborough disaster. Today the world has heard the real truth about what happened at Hillsborough.
"As a football club, we will continue to remember those who died and support the families who lost loved ones on that terrible day. We hope that today's findings will give some comfort to the families and survivors and go some way to addressing some of the key questions that have hung over the Hillsborough tragedy for the last 23 years."