000059 Contracting
Entertaining the people of these winemakers' associations, the winery still held a cold dinner party, Bo introduced Xiao Yifei to everyone, Xiao Yifei gave a brief hello to the seniors, said that after learning from everyone, they began to socialize together. Bo also took him to introduce each director privately. Here Xiao Yifei met an acquaintance, Bart of the Arojo winery, which is understandable, compared to the Arozhu is also a famous winery, Monterena has a seat, and it is understandable that they have a seat.
Bart had not made up his mind to sell the winery, but now that the two of them met, they had a good chat, and he invited Xiao Yifei to play with him. If you say that you are in trouble running a winery or don't understand, just ask him.
After leaving him, Xiao Yifei asked Xia Bo.
"How was your relationship before?"
"It's okay, after all, Calistoga is just two of us. In 2003 I proposed to set up a sub-region in Calistoga, but it never passed, and it is up to you to do the rest. ”
Xiao Yifei knows, huddle, this is understandable, and now the establishment of a sub-production area is also beneficial to the winery.
Soon, Xiao Yifei ran into trouble, and an old man asked Xiao Yifei:
"What do you think about the 85 percent of the revised regulations?"
Xiao Yifei sweated profusely, what 85%, how to modify, what does it mean?
Thankfully, Beau helped him out.
"Bauer, I haven't had time to tell Xiao yet."
"Okay, Bo, you tell Xiao and let him think about it, and it will be discussed in a few months."
As soon as the old man left, Xiao Yifei couldn't wait to ask:
"Beau, what did he say?"
"If you use the Napa and Napa Valley logos on your wine label, you have to guarantee that 85% of the grapes must come from Napa Valley. You know that, right? ”
"Yes."
"Last year, some people thought it was too high and proposed to reduce it to 70 percent."
"Ah, so the production of wine needs to be increased? But isn't the quality reduced? Isn't there anyone against it? ”
"Some people are in favor of it, and of course there are people who are against."
"What about you?"
"Of course I'm against it, I can't use up my quota of 50,000 boxes a year."
These wineries in Napa have a winemaking quota, which means that you can only make as many bottles of wine as you can, and if you exceed that, you will be fined. Also, you can't expand the equipment of the brewery without permission.
In 2012, for example, caymus Vineyards expanded its facilities without permission and bottled 830,000 cases of wine, compared to 42,000 cases a year given by the county board of supervisors. As a result, the winery was sued for overproduction, and after repeated battles, the winery had to pay a fine of $1 million in exchange for permission to expand production.
This shows that Bo attaches great importance to the quality and reputation of the winery. There are wine grapes sold in the bulk grape market, but he would rather only produce more than 40,000 boxes a year and leave the difference empty than buy some grapes to make up for the shortfall and make more money.
Xiao Yifei nodded, it seems that this issue of reducing the proportion should be carefully considered.
After three consecutive exchanges, the signing ceremony was finally held, and the scene was still relatively large, and the guests were Napa County officials, members of the Board of Supervisors, representatives of the Board of Governors of the Wine Merchants Association, representatives of sellers, as well as some wine magazines and media in the California and San Francisco areas. In view of Xiao Yifei's Chinese identity, the public relations manager Nala also invited some wine magazine reporters, San Francisco, Los Angeles media, and even Phoenix TV's San Francisco reporters to come.
After the brief signing ceremony, Bo and Xiao Yifei gave speeches respectively, followed by the time for everyone to socialize around with a glass of wine.
Later, Xiao Yifei gave some interviews. For professional wine magazines, Bo and Xiao Yifei both praised the current winemaker Carmel, who has both education and ability, and has his own ideas, which will ensure that the level of wine is stable and even to a higher level.
When Bo and Xiao Yifei were asked what they thought of each other, Bo praised Xiao Yifei for being young and promising, and was very optimistic about Monterreyna's future. Xiao Yifei talked about the exploits of Bo and Jamie, saying that he must learn from his predecessors and make better wines.
As for the non-wine media, everyone should be more casual and talk about it all over the world.
For the Chinese media in California, Xiao Yifei talked about the history of the winery, highlighting that it was once owned by the Chinese, and now it is back in the hands of the Chinese. In the end, I concluded that this time will definitely bring surprises to everyone.
Xiao Yifei also said a few words to the camera of Phoenix Satellite TV, and invited them to go to Yuhu to shoot some materials. The reporter also knows that this thing will definitely not be selected by the editor-in-chief, so it is better to count the material and make up the quantity. And Xiao Yifei has gradually had a complete plan here, and now is not a good time to publicize it to the outside world, but these reporters can be regarded as a personal show.
The reporters were also interested, and did not ask random questions, and the slightly sharp question was to ask Xiao Yifei whether it would be too risky to take over such a large winery with no experience in winery management. Xiao Yifei used his excellent and mature management team, such as Cameron, the head of winemaking, David, the vineyard manager, etc., all of whom are talents in all aspects.
As for the source of his acquisition funds and whether he is a rich man from China, Xiao Yifei chose to be vague, just saying that his source of funds is a rich country.
When everything was over, Xiao Yifei realized that it was such a troublesome thing to deal with so many people.
The next day, Xiao Yifei and Bo's lawyers, together with Concubine Yue and others, began to carry out the legal procedures for the transfer of the property. Xiao Yifei transferred 50 million funds to a fair account in accordance with the contract. According to the agreement, although the acquisition amount is 120 million, the loan of 20 million is the matter of Xiao Yifei and Napa Bank, and Bo can only get 100 million. The deposit is 40 million, 50 million is paid now, and the balance of 10 million will be paid after the transition period. This price is 10 million less than last year's acquisition funds of the French, which is equivalent to less money for the seller's intermediary, and the actual money in hand is the same.
Now Xiao Yifei still has 30 million left in his hand, and he is considering repaying part of the loan in advance, but Napa Bank knows that Fuguo has loaned 200 million to Xiao Yifei, but it does not agree to him to repay in advance, because they don't know who to lend to when they repay them, so they ask that if they repay in advance, they must pay off all the interest, and even want to persuade him to borrow more.
Xiao Yifei was depressed and paid all the interest, so he might as well repay the loan on time, of course, he refused to continue the loan. It doesn't matter if you don't repay the loan, let's go shopping.
The agreement with the Vera family was quickly signed, and the 53-acre vineyard was subject to a change of ownership without having to be approved by anyone, and the payment was made.
Now Xiao Yifei is only 20 million younger. David was happy to expand the vineyards under his jurisdiction, and he wished that Xiao Yifei would buy back all the surrounding vineyards now and hand them over to him to manage. So he enthusiastically directed the temporary workers and began to tidy up the two vineyards according to his heart's content.
After a few days of David's strict inspection, he found that the Vera family's production restrictions were not strictly done.
Because there are no mandatory legal measures to limit production, it can only be achieved by economic means. For a winery like Monterena that wants to produce more than $50 of wine, production must be tightly controlled, so that the behavior within the company is of course fine, and even more so for other small wineries that make hundreds or thousands of dollars of wine. But for most of the big wineries that take the quantitative route and the pure growers who only grow but do not make wine, then they can really only rely on economic interests to drive them to limit production.
Therefore, David's family, like other growers, has a yield of about 3 to 6 tons per acre, so although it cannot be sold for a high price of $5,000, it is still okay to sell it for 3,000 to 4,000.
Three to six tonnes is much higher for Monterena, and if Xiao doesn't want his $50 Napa Cabernet Sauvignon to deteriorate, he will have to reduce the yield of these vineyards to at least two tonnes per acre. The means of reducing is to pick the fruit, that is, to keep the bunches that have not yet developed large, only keep the good ones, and remove the worse ones, so that the fruit bunches are reduced, so that the yield will naturally decrease.
Now the legal formalities for the change of ownership of the winery have not yet been completed, but the entire winery and the vineyard already belong to Xiao Yifei. This includes a bunch of trailers that carry grapes belonging to the winery, tractors for ploughing, sprayers, etc., as well as several pickup trucks, wagons, all-terrain vehicles, etc. It's just that Bo bought an R44 helicopter with a loan, although it is also under the name of the winery, Xiao Yifei does not like this simple piston helicopter, and deducts him from the transaction.
Also, Jimmy. Barrett and Beau. Barrett's house where they live now is also on the deal. But according to the contract, after the transition period is over, they need to move out of the house and hand it over to Xiao Yifei.
Xiao Yifei was a little hesitant about whether to live in their house. To be precise, Xiao Yifei was a little scared.
As mentioned earlier, Beau's villa is located in the deepest part of the vineyard. Monterena Winery was originally located in the deepest part of the Napa Valley, and now Beau's villa is in the deepest part of the vineyard, in the most remote part of the Napa Valley. There are only two families on the opposite mountainside 800 meters away. The only way to get in and out of the villa is to drive along the foot of the mountain, then through the vineyards you just bought, then up the Eveyrd and 100 metres up the hill to get home.
Such a desolate place, Xiao Yifei has experienced there, since he was a child, whether it was Xiucaiwu in the countryside of Songzi County or Songzi County, there were people next to it, and he never thought that one day he would live alone in a place where there was no family within 800 meters.
Admittedly, he had a gun and a black nose to protect himself, but this feeling made him feel unsafe at all. He was afraid that he would be killed, and no one would know. After all, he is still a little famous now, and now not only the people around him, but also many people who read wine magazines know that there is a rich man from China "Xiao" who bought the famous Monterena winery, and some people also compare him with the twists and turns of the French buying Monterena winery last year, saying that Chinese is richer than the French.
Xiao Yifei felt that he should find another place to live with more people.
"David, there's a house for sale or a vacant lot around there."
Now David is very pleasing to Xiao Yifei, because Xiao Yifei caught him and asked the vineyard when he had the opportunity, which was David's proud work.
"What's wrong? Wouldn't you stay at a resort? Bo: When they move out, you live there? ”
Xiao Yifei couldn't say that he was afraid to live in such a desolate place alone.
"I just wanted to ask."
"The Eisen family next door was listed a few months ago."
"Where?"
David pointed to another hill next to the winery and said, "That's it." ”