Luis Suarez DID have a £40million buy-out clause in his last contract, according to Liverpool owner John W.Henry - but the club decided it counted for nothing when Arsenal tried to buy the striker.

The Gunners were rebuffed when they made a bold move for the Uruguayan last summer, offering £40million plus one pound in the belief it would trigger the clause and allow them to open transfer talks.

Suarez made it clear in a series of interviews last summer that he wanted to leave Anfield, but the Merseysiders were not willing to sell, even at the point where his deal said he should have been clear to depart.

Speaking this weekend at the MIT Sloan Sports Analytics Conference, Henry said Liverpool stood a chance of winning the Premier League title this season, and suggested keeping Suarez had been key to that prospect.

Suarez has since signed a new four-and-a-half-year contract with Liverpool.

"Luis Suarez is the top scorer in the English Premier League which is arguably the top soccer league in the world," Henry said.

"And he had a buy-out clause - I don't know what degree I should go into this - but he had a buy-out clause of £40million - more than 60 million (US) dollars. So Arsenal, one of our prime rivals this year ... they offered £40million and one pound for him and triggered his buy-out clause.