Graceland is not for sale, Elvis Presley’s granddaughter Riley Keough suggests in lawsuit

Actor Riley Keough, the granddaughter of Elvis Presley, is combating strategies to publicly auction his Graceland estate in Memphis following a business tried to provide the home centered on claims that a financial loan working with the king of rock ‘n’ roll’s former house as collateral was not repaid.

A community auction for the estate had been scheduled for Thursday this week, but a Memphis choose blocked the sale after Keough sought a non permanent restraining buy and submitted a lawsuit, courtroom paperwork clearly show.

A public observe for a foreclosure sale of the 13-acre estate posted previously in May mentioned Promenade Belief, which controls the Graceland museum, owes $US3.8 million ($5.7 million) right after failing to repay a 2018 financial loan.

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Keough inherited the belief and possession of the home following the demise of her mother, Lisa Marie Presley, past yr.

Lisa Marie Presley experienced employed Graceland as collateral for the loan, the lawsuit stated.

Naussany Investments and Private Lending mentioned Lisa Marie Presley unsuccessful to spend back again the financial loan and sought to provide the estate on the courthouse steps, in accordance to the foreclosure sale observe.

Keough, on behalf of the Promenade Believe in, sued last 7 days, declaring that Naussany introduced fraudulent documents about the bank loan and unpaid sum in September 2023.

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“Lisa Maria Presley under no circumstances borrowed revenue from Naussany Investments and never gave a deed of have confidence in to Naussany Investments,” Keough’s law firm wrote in a lawsuit.

Kimberly Philbrick, the notary whose identify is outlined on the files, indicated that she never ever meet Lisa Marie Presley nor notarised any paperwork for her, the courtroom filing said.

The Related Press texted Philbrick at numbers considered to be hers, but she did not promptly react.

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W. Bradley Russell, a lawyer for Keough, declined comment Tuesday.

Kurt Naussany, who was recognized in courtroom files as a defendant, directed questions in an electronic mail to Gregory Naussany. Gregory Naussany advised the AP in an email: “The lawyers can make comment!”

An injunction hearing is scheduled for Wednesday in Shelby County Chancery Courtroom.

“Elvis Presley Enterprises can confirm that these statements are fraudulent. There is no foreclosure sale. Just set, the counter lawsuit has been filed is to halt the fraud,” Elvis Presley Enterprises Inc. said in a statement on Tuesday (Wednesday AEST).

Graceland opened as a museum and vacationer attraction in 1982 as a tribute to Elvis Presley, the singer and actor who died in August 1977 at age 42.

It draws hundreds of thousands of visitors every yr.

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