Brighton & Hove Albion's CEO Paul Barber has revealed the club's reasons for rejecting huge January bids from Arsenal for Moises Caicedo.

The 21-year-old was subject of intense interest from both the Gunners and Chelsea, and 90min previously reported on the former having a £65m offer plus £5m in add-ons turned down.

Caicedo had attempted to force a move away from the Amex Stadium, posting a message that expressed a desire to further his career at a bigger club, but then completed a sensational U-turn in early March by extending his contract.