Elvis Presley’s granddaughter Riley Keough opposes Graceland sale

Elvis Presley’s granddaughter is fighting an attempt to publicly auction off her Graceland property in Memphis after a company attempted to sell the property based on claims that a loan using the king of rock ‘n’ roll’s former home as collateral did not. was refunded.

A public auction of the estate had been scheduled for Thursday this week (local time), but a Memphis judge blocked the sale after Riley Keough sought a temporary restraining order and filed a lawsuit saying the loan was fraudulent, according to court documents. Keough, an actress, was Presley’s granddaughter and daughter of Lisa Marie Presley.

A public notice about the foreclosure sale of the 13-acre property posted in early May said the Promenade Trust, which controlled the Graceland museum, owed $3.8 million (NZ$6.2 million) after failing to repay a loan from 2018. Keough inherited the trust and ownership of the house after his mother’s death last year.

Naussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan and that the company would sell the property to the highest bidder, according to the foreclosure sale notice. Keough, on behalf of Promenade Trust, filed a lawsuit last week, alleging that Naussany submitted fraudulent documents regarding the loan and the unpaid sum in September 2023.

Lisa Marie Presley

“Lisa Maria Presley never borrowed money from Naussany Investments and never delivered a deed of trust to Naussany Investments,” Keough’s attorney wrote in a lawsuit.

Kimberly Philbrick, the notary whose name was on the documents, indicated she never met Lisa Marie Presley or notarized any documents for her, according to the court filing. The Associated Press texted Philbrick at numbers believed to be hers, but she did not immediately respond.

W. Bradley Russell, Keough’s attorney, declined to comment.

Kurt Naussany, identified in court documents as a defendant, directed questions in an email to Gregory Naussany. Gregory Naussany told the AP in an email: “Attorneys are welcome to comment!” Court records do not show an attorney for the company.

Court documents included company addresses in Jacksonville, Florida, and Hollister, Missouri. Both were for post offices. A reference from Kimberling City, Missouri, was for a post office box.

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

“Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the countersuit that has been filed is to stop the fraud,” Elvis Presley Enterprises Inc. said in a statement Tuesday.

Graceland opened its doors as a museum and tourist attraction in 1982 as a tribute to Elvis Presley, the singer and actor who died in August 1977 at age 42. It attracts hundreds of thousands of visitors every year. A large Presley-themed entertainment complex across from the museum was owned by Elvis Presley Enterprises.

Tim Marshall, from Queensland, Australia, arrived at the gates of Graceland on Tuesday as part of a week-long tour of the United States with his partner. Marshall, 54, said he heard the news about the attempted sale of Graceland.

“I was surprised,” Marshall said. “We don’t know enough about this. I think it wouldn’t be very good if they lost it.”