John Cena sued by Ford for flipping vehicle

John Cena sued by Ford for flipping vehicle

Ford is taking John Cena to court after the WWE Superstar sold a $500,000 Ford GT, TMZ Sports reported Thursday.

Despite buyers often putting down millions of pounds to acquire the latest rare supercar, they're "encouraged" by the makers to keep the vehicle for a "sensible" period of time, and if they don't they probably won't get the chance to buy anything similar again. But by the end of October, the GT had a new owner because Cena flipped it - making a hefty profit - despite the contractual provision preventing him from selling the vehicle for two years. During an episode posted on October 31, Cena gets behind the wheel of a 2017 Ford GT. But it's all gone a bit Pete Tong.

This is an action for breach of contract, fraudulent misrepresentation, and unjust enrichment arising out of Mr. Cena's improper and unlawful resale of a custom-made, model year 2017 Ford GT sports vehicle, in violation of the Ford GT Application Program and contracts pertaining to same.

In a lawsuit filed recently, Ford Motor Company alleges Cena broke the contract and flipped his few-weeks old GT - which carries an MSRP north of $450,000 - for a large profit. Cena also purchased one of the coolest Ford cars ever made, the new Ford GT.

More news: Governor Cooper Proclaims Computer Science Education Week
More news: Signet Jewelers (NYSE:SIG) Downgraded by Wells Fargo & Company to Market Perform
More news: How Many Weatherford International plc (NYSE:WFT)'s Analysts Are Bullish?

Ford has sued the West Newbury native in US District Court in Detroit, seeking more than $75,000 in damages.

Ford says the wrestler also made a large profit from the sale, although the price wasn't specified.

John Cena offered his apology to Ford, claiming that he "will cooperate to resolve the situation".

"Ford's lawsuit said Cena's Application Programme appeal included the line, "[If] I were to be deemed fit for ownership I would most certainly use every vehicle of communication to let the world know about the auto, the brand, and the experience". Despite an annual income from wrestling alone of around £6 million.

Related Articles

  • Cyclone Ockhi: Death toll 19 in TN and Kerala

    Cyclone Ockhi: Death toll 19 in TN and Kerala

    Fifty-five fishermen in the capital mounted a rescue operation after they were not allowed to be part of the official rescue team. In the eastern seaboard region, the release said, nine ships and two aircrafts were taking up search and rescue operations.
    House Republicans Set to Push Stopgap Funding Without Democrats

    House Republicans Set to Push Stopgap Funding Without Democrats

    The bill now features a 23 percent tax deduction for such business owners, up from the original 17.4 percent. The House and Senate still have a ways to go before they put a tax bill on President Donald Trump 's desk.

    Epoch Investment Partners Inc. Decreases Holdings in Time Warner Inc (TWX)

    Pacific Alternative Asset Management Company Llc, a California-based fund reported 548,600 shares. (NYSE: TWX ). It also upped Mastercard Incorporated (NYSE:MA) stake by 203,261 shares and now owns 4.07 million shares.
  • ABC Suspends Brian Ross Over False Report About President Trump

    ABC Suspends Brian Ross Over False Report About President Trump

    Host Sunny Hostin pointed out, however, that fake news is a term that Donald Trump coined. On Monday, Behar tried to make light of the error. "To me, this was a mistake".
    Chelsea boss Antonio Conte: 'Cesc Fabregas changed my mind about him'

    Chelsea boss Antonio Conte: 'Cesc Fabregas changed my mind about him'

    Antonio Conte admits retaining the Premier League title may be out of Chelsea's reach despite an impressive recent run of results. I had a wonderful ten years at Chelsea , with positive pressure and a lot of things that happened". "I'm where I want to be".
    Chanel Iman Is Engaged To Sterling Shepard

    Chanel Iman Is Engaged To Sterling Shepard

    A source stated, "Everyone was congratulating them and it was an extremely special evening". Supermodel Chanel Iman is engaged to New York Giants' Sterling Shepard .
  • Body of 4-Year-Old, Non-Verbal Girl Recovered From Lake

    Body of 4-Year-Old, Non-Verbal Girl Recovered From Lake

    Chelsea has a birthmark from her neck to her chest, which is lighter in color than the skin on other parts of her body. Lucie County Sheriff's Office, the Martin County Sheriff's Office and other agencies, reported the Sun-Sentinel.
    Hot Trending Stocks: Schlumberger Limited (SLB), PayPal Holdings, Inc. (PYPL)

    Hot Trending Stocks: Schlumberger Limited (SLB), PayPal Holdings, Inc. (PYPL)

    For shareholders, given the total diluted outstanding shares of 1.39 billion, this means overall earnings per share of 0.39. Heritage Wealth Advsrs owns 16,601 shares for 0.56% of their portfolio. 44,657 are held by Elizabeth Park Cap Ltd.

    $0.62 EPS Expected for Oracle Corporation (ORCL)

    The Euclidean Technologies Management Llc holds 43,790 shares with $1.67 million value, up from 18,100 last quarter. Ballentine Partners Llc owns 658,790 shares or 0.56% of their U.S. portfolio. 15,247 are owned by Stearns Serv Grp.
  • Vicus Capital Acquires 579 Shares of FedEx Co. (NYSE:FDX)

    Cowen reaffirmed a "buy" rating and issued a $240.00 target price on shares of FedEx in a report on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company.
    Supreme Court Wrestles With Sports Betting Case

    Supreme Court Wrestles With Sports Betting Case

    The justices could ultimately greenlight the expansion of sports gambling nationwide by striking down the federal law. The bill was being introduced in Congress as the US Supreme Court heard a case - Christie vs.
    Manchester United boss Jose Mourinho: 'Nemanja Matic out of CSKA Moscow clash'

    Manchester United boss Jose Mourinho: 'Nemanja Matic out of CSKA Moscow clash'

    The Frenchman was sent-off towards the end of Saturday's 3-1 victory over Arsenal for a stamping challenge on Hector Bellerin. UNITED take on CSKA Moscow in their final group game of this season's Champions League at Old Trafford.