Global tech entrepreneur emerges as white knight to end bitter Sullivan Vineyards bankruptcy

A globally successful technology executive entrepreneur has emerged as a white knight who is expected to make an 8-figure, all-cash offer to settle the bitter and contentious bankruptcy of Sullivan Vineyards by buying the winery and vineyards for an amount sufficient to reimburse all creditors and still leave some equity for the Sullivan family, according to bankruptcy documents and public records.

 

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Also in this article (at Wine Executive News):

• Wine-Loving, Technology Wunderkind

• Firmest Debt Estimate Requires mid-to-high 8-figure purchase price

• Plus $2 million in employee claims

• Litigation Insurance Claims In Doubt; Federal Court Found Sullivan Vineyards Lied On Application

• Winery & Vineyard = A Small Portion Of  The Price Offered

Previous Wine Industry Insight Coverage

• Sullivan Vineyards must be sold, cannot be reorganized says Bankruptcy Trustee. Family pushes back.

• Sullivan Bankruptcy Trustee Hits The Ground Running, But Secured Creditors Losing Patience

• Sullivan Vineyards Bankruptcy: Napa Valley’s Chapter 11 From Hell

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