Decision coming on new Viansa winery owner

<p>By the end of this week, Sonoma Valley’s scenic Viansa winery is likely to have a new owner. </p><p>The fate of the popular tourist destination founded by Sam and Vicki Sebastiani is scheduled to be decided at an auction Thursday in bankruptcy court in Reno. </p><p>Only one outside bidder has come forward expressing an interest in purchasing the winery from the bankrupt 360 Global Wine Company.</p><p>Woodbridge Capital Partners LLC, of Santa Monica, has made an opening bid of $20 million for Viansa. The offer is less than half the $40.5 million opening bid made by the company’s largest creditor, offshore hedge fund Laurus Master Fund, according to Marty Brill, 360 Global’s Los Angeles bankruptcy attorney. </p><p>While it would be unusual for another bidder to step forward this late in the game, it is not unheard of, said Bruce Beesley, 360 Global’s Nevada bankruptcy attorney. </p><p>It would also be helpful for the creditors, most of whom are expected to get a mere 10 cents on the dollar in the deal. A second smaller class of creditors are expected to get 25 cents on the dollar.</p>