According to the sfchronicle Bill Foley’s growing California wine empire, Foley Family Wines, will add another marquee brand to its portfolio: Sonoma County’s Ferrari-Carano Vineyards and Winery. The deal includes over 3,000 acres of land, including more than 1,200 acres of grapevines. The purchase price is “in the ballpark” of $250 million, Foley said.

“I’m an asset guy,” said Foley, who owns 25 wineries as well as the Vegas Golden Knights hockey team. “I like vineyards, I like wineries, facilities, tasting rooms. I like to control the wines from grape to bottle.” Plus, he added, he’s running out of space to produce the wines he currently makes.

Read more at the source: sfchronicle