Lakers guard Spencer Dinwiddie has filed a lawsuit against luxury car seller Wires Only and its general manager, Chadwick Hopkins, alleging that the company broke a promise related to his purchase of a Ferrari that cost over $1 million. Dinwiddie, who signed a contract with the Lakers in February, purchased a 1967 Ford Mustang Shelby and a 2022 Ferrari SF90 Spider from Wires Only. The agreement was that the Ferrari sale would only proceed if the Mustang was sold first.
Despite this agreement, Wires Only sent the Ferrari to Dinwiddie without waiting for the sale of the Mustang, causing a dispute when the Mustang struggled to sell. Dinwiddie expected the company to buy back the Ferrari if the Mustang did not sell within 45 days. However, Wires Only refused to return Dinwiddie’s $350,000 deposit when the Mustang remained unsold. Dinwiddie expressed his frustration in text messages to Hopkins, but the general manager disputed the terms of the deal, claiming the deposit was actually an initial installment payment on the Ferrari.
Dinwiddie continued to argue that the sale of the Mustang was a crucial part of the agreement for the Ferrari purchase. He insisted that this condition had been consistently discussed throughout their interactions. The dispute between Dinwiddie and Wires Only escalated as the company maintained its stance, leading Dinwiddie to file the lawsuit in Los Angeles County Superior Court. Neither Wires Only nor Dinwiddie’s attorneys have provided immediate responses to requests for comment on the matter.
Dinwiddie, a Los Angeles native and former high school basketball star, turned to Wires Only for his luxury car purchases, expecting top-of-the-line vehicles that catered to elite clients. The lawsuit alleges that Wires Only failed to honor the original agreement made with Dinwiddie regarding the Ferrari purchase. Dinwiddie, who averaged 6.8 points per game for the Lakers last season, sought the return of his deposit and the sale of the Mustang as originally planned.
As the legal battle between Dinwiddie and Wires Only unfolds, the details of the agreement and the conflicting interpretations of the terms will likely be scrutinized. Dinwiddie’s lawsuit against the luxury car seller and its general manager sheds light on the complexities involved in high-end transactions and the importance of clear communication and agreements. The outcome of the lawsuit could have implications for both Dinwiddie and Wires Only, as they seek to resolve their dispute over the Ferrari purchase.
