Court battle over future of Elvis Presley's Graceland estate - NBC News

[TexasTowelie]

Elvis Presley's granddaughter, Danielle Riley Keough, claims an investment company is trying to illegally sell Graceland. According to a lawsuit filed by Keough, the company says her mother, Lisa Marie Presley, borrowed millions of dollars before her death, put up Graceland as collateral, and never repaid the loan. NBC News' Stephanie Gosk reports.

[Joinfortmill]

1. WHHF?

[jimfields33]

2. Can't this be put into a historical classification?

It’d be awful to see it end up in some commercial ownership. God only knows what they would do with it.

[twodogsbarking]

3. It doesn't pass any smell test. Taylor Swift could buy it. She has the money and is, well, smart.

[mahatmakanejeeves]

4. Graceland foreclosure sale halted as Presley estate's lawsuit moves forward

ENTERTAINMENT
Graceland foreclosure sale halted as Presley estate’s lawsuit moves forward

BY ADRIAN SAINZ
Updated 4:00 PM EDT, May 22, 2024

MEMPHIS, Tenn. (AP) — A judge on Wednesday said Elvis Presley’s estate could be successful in arguing that a company’s attempt to auction Graceland is fraudulent as he halted a foreclosure sale of the beloved Memphis tourist attraction.

Later Wednesday, a statement from someone who appeared to be a representative of the company said it would drop its claim, which the Presley estate has argued is based on fake documents. Online court records did not immediately show any legal filings suggesting the claim had been dropped.

Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction that had been scheduled for Thursday in Memphis, where the king of rock ‘n’ roll’s former home is located. Jenkins’ injunction essentially keeps in place a previous restraining order issued at the request of Presley’s granddaughter Riley Keough. ... “Graceland is a part of this community, well-loved by this community and indeed around the world,” the judge said.

A public notice for a foreclosure sale of the 13-acre estate posted earlier in May said Promenade Trust, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 loan. Keough, an actor, inherited the trust and ownership of the home after the death of her mother, Lisa Marie Presley, last year.

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