Investors Make a Bold Move to Rescue Troubled Whiskey Brand Uncle Nearest as Owners Fight for Control |
The owners don’t want to sell, but a $108 million loan is looming.
BY LEILA SHERIDAN, NEWS WRITER
Fawn Weaver. Photos: Getty Images
The battle for Uncle Nearest Premium Whiskey is escalating, as a new investor group moves to buy out the company’s $108 million loan from Farm Credit Mid-America. The group, NextGen2780, hopes to escalate the sale of the troubled spirits brand and prevent further erosion of its value.
The Tennessee-based whiskey brand has been in receivership since fall 2025, after Farm Credit lost confidence in Uncle Nearest’s ability repay the loan. Since then, the founders Fawn and Keith Weaver have fought to regain control of the company.
The Weavers argue that the crisis stems not from leadership failures, but from alleged misconduct by former chief financial officer Michael Senzaki