Anton Andres / Bella Twins Vlog | June 21, 2018 09:30
Cena settles with Ford after breaching sale contract
Ford is dead serious about the two-year, no-sale clause for their GT. So much so that the company sued WWE wrestler John Cena when he sold his just a few weeks after his was delivered. At first, Cena filed a motion to dismiss the case, but now, the wrestler has tapped out, opting to settle with Ford.
The law firm that represented Cena issued a statement that reads:
“John Cena reached a settlement with Ford Motor Company for selling his Ford GT despite a program requirement to retain ownership for 24 months. Ford will now donate the proceeds to charity. The re-sale restriction – common for the world’s most exclusive cars – was part of an extensive owner selection process to ensure the passion and aura surrounding the Ford GT is maintained.”
Cena added, “I love the Ford GT and apologize to Ford, and encourage others who own the car to respect the contract. I am pleased we could resolve this matter outside of court, and that a worthy charity will benefit from one of the most iconic cars in the world”.
The wrestler settled with an undisclosed amount for breaching the clause. Prior to this, the automaker wanted $500,000 in the suit, claiming that the wrestler made, 'large profit from the unauthorized resale flip'. While Cena's legal dramas are over, it's not quite for done for the dealership that bought the supercar. At the moment, the lawsuit is still ongoing as Ford alleges that the dealership, New Autos Inc., specializes in selling specialty vehicles overseas, and has breached the Ford GT program's restrictions on transfer of ownership.