Elvis Presley’s granddaughter, Riley Keough, is making headlines as she fights to prevent the public auction of the iconic Graceland estate in Memphis. The estate, which has been a symbol of the legendary singer’s legacy, was set to be auctioned off due to a loan that was not repaid.
Keough, who inherited the trust and ownership of the home after her mother’s passing, filed a lawsuit to block the sale after a company claimed that the loan using Graceland as collateral was not repaid. The auction was scheduled for Thursday, but a Memphis judge intervened and halted the sale.
The lawsuit alleges that the company, Naussany Investments and Private Lending, presented fraudulent documents regarding the loan and unpaid sum. Keough’s lawyer stated, “Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments.”
Elvis Presley Enterprises Inc. also released a statement confirming that the claims of foreclosure are fraudulent and that there is no sale planned. The estate has been a popular tourist attraction since it opened as a museum in 1982, drawing hundreds of thousands of visitors each year.
An injunction hearing is scheduled for Wednesday in Shelby County Chancery Court to address the ongoing legal battle over the future of Graceland. Keough’s efforts to protect her grandfather’s legacy have sparked interest and concern among fans and supporters worldwide.