Liverpool have flat out rejected Arsenal's bizarre offer for Luis Suarez.
The offer, of £40,000,001, arrived on Tuesday evening as the reds are preparing to take on a Melbourne side, with Luis Suarez in the squad.
Liverpool FC have rejected the offer.
It appears that the players agent and the Arsenal believe any offer over £40M triggers important transfer mechanics. As it is, all the £40M triggers is Liverpool 'considering an offer' (which they have decided to reject), and that they must inform the player. Pretty standard fare for any sizeable transfer fee.
However, the nature of the offer - exactly £1 over the £40M fee, is likely to anger Liverpool.
Liverpool's fans will be watching on with interest. Arsenal are arguably the 'top four' team most on the periphery of Champions League qualification - and arguably the team that Liverpool will be most hoping to dislodge if we are return to the Champions League.
Of all the teams in the Premier League - to sell Suarez to them would be a major blow to the credibility of Liverpool's hierachy.