The future of Elvis Presley’s Graceland could be decided in court Wednesday
CNN
A judge ruled Wednesday that a foreclosure auction of Graceland, Elvis Presley’s historic Memphis home, TKTKTK.
The future of Graceland, Elvis Presley’s historic Memphis home, could be determined in court Wednesday after a bizarre set of events set the late singer’s granddaughter against a mysterious company that claimed Elvis’ daughter gave it Graceland’s deed. A hearing is scheduled for 10 am ET in the Shelby County, Tennessee, Chancery Court to determine whether a foreclosure auction of Graceland can proceed. The sale had been scheduled for Thursday but was stopped – at least temporarily – when Presley’s granddaughter, Danielle Riley Keough, sued to block it. Keough took ownership of the estate and popular tourist attraction after her mother and Elvis’ daughter, Lisa Marie Presley, died in January 2023. But a company called Naussany Investments & Private Lending LLC claims that Lisa Marie Presley failed to pay back a $3.8 million loan it had given her – and Naussany claims Presley had put up Graceland as collateral against the loan. Seeking repayment, it had scheduled an auction of the estate. This was no typical foreclosure sale. Keough filed a lawsuit earlier this month, claiming there was no such loan. She also claims Naussany isn’t even a real company. “These documents are fraudulent,” Keough’s lawsuit alleges. “Lisa Marie Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments.”
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