By now, many folks know that Matt Loso left the winery he started several years ago, Matthew’s Cellars, however, what most don’t know is the full story about why he left.

WineFoot sources who have full knowledge about what went down tell us that Matt simply made too many promises to investors – went through all the cash – and couldn’t pay them back. He did this to two west-coast investors and two from the east-coast. Unfortunately for Matt, the winery never did become profitable enough to support his spending habits and pay them back, they sued him and won – getting full control of the winery and booting out Matt in the process.

The whole thing here really blows because Matt had a loyal following of his wines, and we’re concerned that there may be too much lost in whatever new wines the winery churns out. Additionally, we do hope the best for Matt’s future endeavors.