JOHN CENA: John Cena and Ford settle their differences over GT flip out of court (Autoblog.com)

Posted on 6/19/118 by Mike Informer

John Cena, wrestler and actor, has settled his GT business
with Ford, outside of court. The carmaker sued Cena last
year for violating the terms of his GT purchase contract, as
Ford intended the $450,000 supercars not to be immediately
resold by the cars' carefully selected first owners. There
was an application process for the first 500 GTs built, and
those who were approved to buy one were contractually
disallowed from selling the cars for 24 months.

Cena, however, held onto the car for a very short time,
receiving it in late September 2017 and selling it in
October and then getting sued by Ford in November, Ford
sued him, seeking damages of $75,000. Ford also wanted to
buy the car back for the original price, with any profits
Cena made added on top of it. Cena initially claimed he
wasn't aware of not being allowed to sell the car.

When we reported on the matter back in February, Cena had
asked for the judge to throw the case out. Now, the matter
has been settled for an undisclosed amount, and Cena's legal
representatives say Ford will donate that amount to charity.
And Cena issued a contrite statement: "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."





























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