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"We are now awaiting the judgment of the Football Association before taking further steps.
Anelka performed a salute known as a 'quenelle' against West Ham on December 28 and is facing an aggravated charge which under new FA rules carries the five match suspension as its starting point.
Another two of West Brom's key sponsors are considering withdrawing their backing from the club over the saga.
Anelka was charged by the FA with making a improper gesture, an aggravated breach in that it included "a reference to ethnic origin and/or race and/or religion or belief."
Kit supplier adidas will not be adopting such a stance, insisting it Louis Vuitton Handbags Replica
Both companies are monitoring the situation after Anelka was charged by Lv Tote Bag Red
is firmly behind the club.
"We consider the charges as serious and strongly disapprove of any gestures or statements which are meant to discriminate against a single person, or a certain group of people.
"Depending on what our partner West Brom says, which measures they take and considering our legal possibilities, we would consider ending our sponsorship as one option."
On Monday, primary shirt sponsor Zoopla, a property and house prices website co owned by Jewish businessman Alex Chesterman, announced they would not be renewing their 3million contract once it expires at the end of the season.
The FA had appointed an academic expert to advise on the case before it brought the charge, but Anelka questioned "what better expert" there could be than Roger Cukierman, the president of CRIF.
West Brom's French striker is facing a minimum five match ban, unless he can prove his case, after being charged by the FA for an alleged anti Semitic gesture.
The quenelle has been described as an inverted Nazi salute, and was created by French comedian Dieudonne M'Bala M'Bala, who has been prosecuted for anti Semitism. Anelka is a friend of Dieudonne's and the player has insisted his salute was a gesture of support and aimed at the French establishment.
In its own statement, Holler said: "We currently have a contract until the end of the season with West Bromwich Albion.
A spokesperson for adidas told Press Association Sport: "adidas is wholly opposed to extremism of any kind and has made this clear to the club.
"We will be reviewing the situation with regards to whether we extend that after this season."
not be regarded as anti Semitic!
Jonathan Arkush, vice president of the Board of Deputies of British Jews, said: "What he did was sufficiently serious to justify a longer suspension than five matches. He has not indicated one bit of remorse or regret or apologised for his actions."
Anelka said in a statement on his Facebook page: "I therefore ask the English FA to kindly remove the charge made against me. And I repeat, I am not anti Semitic or racist."
"What better expert than Mr Cukierman, president of CRIF (Representative Council of Jewish Institutions in France), who explains very clearly that my quenelle could Lv Limited Edition
The 34 year old French striker has until 6pm on Thursday to respond formally to the FA charge.
He Louis Vuitton Turenne Nano pointed out the head of the CRIF, an umbrella group for Jewish institutions in France, had said the quenelle could not be regarded as anti Semitic in the context it was performed in.
Now Jack Wolfskin, an outdoor clothing, footwear and equipment specialist, and Holler watches, Albion's official timing partner, have confirmed they may follow the example taken by Zoopla.
Anelka added: "The English Football Association has hired an expert to decide the meaning of my quenelle, who concluded that my gesture had an anti Semitic connotation, which led to my charge by the FA.
"He also explained precisely when the gesture could have such a connotation."
A statement issued by Jack Wolfskin to Press Association Sport read: "Jack Wolfskin is following the developments closely, but has not taken a decision yet.
Other pressure groups, however, have called for Anelka to be handed more than a five game suspension due to his lack of an apology.
"It would have been more legitimate for this expert to be French, living in France, who would have an accurate knowledge of my actions.
Nicolas Anelka has called on the Football Association to drop a charge against him over his 'quenelle' goal celebration and insists he is neither anti Semitic or racist.
A video clip on the website of French newspaper Le Figaro shows an interview with Cukierman saying Anelka's gesture was not anti Semitic and that he should not be heavily punished.
"The FA is waiting for a statement from Nicolas Anelka before coming to a final judgment.
FA should drop the charge From Salisbury Journal
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