Liverpool's powerbrokers are thrilled with Luis Suarez's new contract.
Liverpool had to fend off interest from Arsenal in the summer, who had a bid of £40,000,001 rejected, but their determination to keep Suarez has paid off with the Reds now second in the Premier League with the Uruguayan the leading scorer in the top flight with 17 goals, four ahead of his nearest rival.
The club's principal owner John W Henry said: "We are committed to working hard to keep our best players and this is an indication that we are moving in the right direction and moving at a pace that impresses one of the best players in world football.
"The club has made major strides forward in recent years and we are all committed to delivering the success our supporters want and deserve."
Liverpool chairman Tom Werner added: "This demonstrates our commitment, as an ownership group, to building a team that competes at the highest level both in the Barclays Premier League and in Europe.
"Our primary motive is to do what is best for Liverpool Football Club and today's news is another significant step forward on this journey."
