Tag Archives: wwe
Ford GT Of John Cena Is Back On The Auction Block
John Cena’s infamous Ford GT, which made headlines when it was sold by the WWE superstar a month after buying it even with the no-resell clause in the contract, is back on the auction block for the third time in the last two years. The Liquid Blue Metallic supercar will once again be auctioned off by Mecum Auctions, which handled it the last time it was auctioned off in Dallas four months ago. That wasn’t too long ago, huh?
Let’s back up a little. Back in 2017, Ford sold the $500,000 car to Cena who was chosen based on his ownership of other high-end cars and his social reach. The contract disallows the wrestling superstar to resell the GT for 24 months after its initial delivery. But Cena decided he didn’t want the GT a month after receiving it and he sold it to a 78-year-old Californian farmer for $1.54 million.
Ford sued Cena because of the no-resell clause in the contract but both parties eventually reached a settlement. Back to the farmer, he decided he didn’t want the GT eight months after owning it and sold it to a Russo & Steele auction in August 2018. The GT had 625 miles on it by then. The next owner purchased the car for $1.7 million but sold it to Mecum auction in Dallas after just a month. He put one mile on the supercar.
With 626 miles on the GT, owner No. 4 purchased it for $1.32 million but after only five months of receiving the keys to Cena’s former wheels, it’s now on Mecum’s listing again for its May 2019 auction. It now has a total of 635 miles, meaning owner No. 4 just drove it for nine miles! With 647 horsepower and 550-pound feet of torque, it’s hard to imagine why no one wants to put the miles on this thing. It also has the ability to hit 216 mph by just batting your eyelash, by the way.
We’ll see this coming May who the next owner of this Ford GT is as it’s fast becoming the hot potato of supercars.
John Cena and Ford Settle a Lawsuit Over Breach of Contract
WWE superstar John Cena and Ford have finally settled their lawsuit. The wrestler was ordered to pay an undisclosed amount of money to the automaker.
According to Motor1 , Ford filed a lawsuit against Cena for selling his Ford GT before the 24-month required ownership was over. The American car maker agreed that the money received from Cena for the lawsuit will be donated to charity.
Cena pointed out that he loves the Ford GT and apologized to the American automaker. In a statement, he encouraged everyone who owns the same car to honor the stipulations in the contract saying that they could not sell the auto for 24 months after they received it. The wrestler also said he was pleased that the two camps were able to settle the matter outside the court, and that a “worthy charity” will benefit “from one of the most iconic cars in the world.”
The Ford GT only had an initial run of about 500 units. Ford individually selected applications to own the Ford GT. One of the approved buyers was Cena. The American car company received about 6,506 applications for the initial run of the car. But part of the contract clearly stipulated that the owners have to keep their Ford GTs for 24 months as a way to limit the access to the car in the secondhand market.
The wrestler paid $460,000 for his GT, which included $5,200 worth of options such as the Liquid Blue exterior paint and leather-wrapped steering wheel.
Ford filed the lawsuit back in November and requested $500,000 for breach of contract. Cena’s lawyers asked for the suit to be thrown out because the 24-month stipulation was not on all the contracts their client signed. The lawyers argued that the clause was part of the order confirmation but it was not present in the final purchase order.
The contentions of Cena’s lawyers did not hold and the wrestler was ordered to pay up. It’s not clear whether the settlement included the whole amount requested by Ford.
The wrestler already owns a 2006 GT, so it’s not clear why he decided to sell his new sports car over the old one.
