"At all times you insisted that you only ever acted in what you believed was reasonable self-defence to what you understandably, albeit you accept mistakenly, believed was an attempted attack upon you by Marcus McGee.
"What at first sight to the casual observer may seem to have been a clear-cut case against you of unlawful violence, has been nowhere near as clear-cut upon careful analysis of the evidence."
Liverpool manager, Rafa Benitez, who is in Singapore ahead of the team's game against the national side there on Sunday, said: "We are really pleased.
"He is very important for us and he can now focus just on football.
"We are all pleased at the club and over here at the training camp. We have been supporting him all the time and were just waiting for the decision.
"Now he can concentrate just on football and hopefully play at the same level as last year."
Mr Gerrard had been drinking with friends in the early hours of 29 December last year to celebrate Liverpool's 5-1 win over Newcastle United.
CCTV footage from the bar showed the group drinking beer, downing shots and dancing round while chanting football songs.
But the trouble flared at around 0200 GMT when Mr Gerrard wanted to change the music on the CD player, but was refused access by the man holding the control, Marcus McGee.
Mr Gerrard told the court he had been trying to ask Mr McGee why he had a problem with him when the businessman "very quickly" got off his bar stool.
He said he "firmly believed" he was about to be punched, and swung out in self-defence.
Mr Gerrard was quickly pulled away by friends and told the court he was "sorry about the whole incident".
The victim lost a tooth and suffered cuts to his face in the ensuing violence.
Five of Mr Gerrard's friends admitted affray.
They are Ian Gerrard Smith, 19, of Hilary Avenue; John Doran, 29, of Woodlands Road; and Paul McGrattan, 31, of Linden Drive, all Huyton; and Accrington Stanley footballers Robert Grant, 19, of Enstone Avenue, Litherland; and Ian Dunbavin, 28, of Guildford Road, Southport.
Another friend, John McGrattan, 34, of Rimmer Avenue, Huyton, admitted threatening behaviour.
The six men are due to be sentenced at Liverpool Crown Court on 7 August.
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