Liverpool’s American owner John Henry on Monday confirmed that Arsenal did in fact trigger the buyout clause in Luis Suarez’s contract when it bid 41 million pounds ($67 million) for the Uruguayan during last summer’s transfer window. However, he noted that having lost Fernando Torres to Chelsea in January 2011, the Reds refused to sell.
"I don't know what degree I should go into this -- but he had a buy-out clause of 40 million pounds. So Arsenal, one of our prime rivals this year, they offered 40 million and one pound for him and triggered his buy-out clause,” Henry said. "But what we've found over the years is that contracts don't seem to mean a lot in England -- actually not in England, in world football. It doesn't matter how long a player's contract is, he can decide he's leaving.”
He added: "We sold Fernando Torres for 50 million pounds ($83.6 million). We didn't want to sell but we were forced to. For the first time (with Suarez) we took the position that we weren't selling. Since apparently these contracts don't seem to hold, we took the position we're just not selling and it's been great for Luis, it's been great for us, and what will happen at the end of year, I think we're going to make Champions League and we have a small chance of winning the Premier League this year.”