Professional wrestler John Cena has settled a lawsuit filed by Ford Motor Company over the sale of his Ford GT for an undisclosed amount. If you’ll recall, the automaker affixed a clause to the purchasing agreement that forbade buyers from reselling the vehicle for 24 months.
However, after the automaker filed its lawsuit, Cena’s legal team alleged there was a legal loophole that allowed for the flip. Since the agreement was not included in the final dealer documents, it speculated there was some wiggle room. Regardless, it doesn’t appear to have been enough to squirm away from Ford’s contract entirely.
Cena originally claimed he sold the GT for financial reasons and received an unknown amount for it. However, taking into account the rarity of the model, it would not be surprising if that transaction netted the wrestler a tidy profit.
The first production run of the new Ford GT was limited to just 500 units and all of them went to individuals who were selected via an extensive vetting process that weighed the applicant’s enthusiasm for the brand, public notoriety and intent to keep the car. While a little more involved than usual, restricting sales to desirable customers and temporarily prohibiting resale is not uncommon among supercar manufacturers.
On Monday, a statement was delivered to Jalopnik from Cena’s legal representatives from Bush Ross, P.A., explaining that an agreement had been reached with Ford outside of court. The settlement value was not mentioned, but Ford has agreed to donate the proceeds to charity.
“I love the Ford GT and apologize to Ford, and encourage others who own the car to respect the contract,” said Cena in a statement. “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.”
Meanwhile, Ford’s lawsuit with New Autos Inc. is ongoing. As the company that took ownership of Cena’s vehicle, Ford has claimed it is similarly guilty of violating the no-resale clause. The whereabouts of the car are unknown. It was seen displayed in the dealership’s main office in a photo from November 2017 on Google Maps, but was ultimately sold to a private party.
[Image: Bella Twins via YouTube]