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Posted by admin on 2024-05-23 |

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On Wednesday, a Tennessee judge halted the planned auction of Graceland, the former residence of Elvis Presley.

The mansion has been at the centre of a dispute between Presley’s granddaughter, actress Riley Keough, and a company that claimed ownership after saying his estate had failed to repay a loan.

Keough came into possession of Graceland and much of Presley’s estate following the death of her mother, Lisa Marie Presley, last year.

Overview

Naussany Investments claimed Lisa Marie used the compound as collateral for a $3.8m (£3m) loan that was never paid back. They planned to sell it at an auction on Thursday.

However, Keough alleged that the paperwork on the loan was fraudulent and her mother’s signature had been forged.

Shelby County Chancellor JoeDae Jenkins issued a temporary injunction preventing the auction. This injunction effectively maintains an earlier restraining order Jenkins issued after Riley Keough sued, claiming a fraudulent scheme.

Statement from Graceland and Elvis Presley Enterprises

In a statement to the BBC, Graceland and Elvis Presley Enterprises said, “The court has clarified that the claims are invalid. There will be no foreclosure.”

“Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans from around the world can continue to have a best in class experience when visiting his iconic home.”

History of Graceland

Elvis Presley purchased Graceland Mansion in 1957 and resided there until his death two decades later. In the early 1980s, the 14-acre estate was opened to the public as a music history theme park.

Today, it draws approximately 600,000 visitors annually, according to the venue.

Elvis, along with his parents, daughter Lisa Marie, and her son Benjamin Keough, are buried there.

Riley Keough, 34, is renowned for her role in Amazon’s Daisy Jones & the Six and has also featured in Logan Lucky, Zola, and Mad Max: Fury Road.