Graceland is not for sale, Elvis Presley’s granddaughter Riley Keough says in lawsuit

Elvis Presley’s estate is fighting what it says is a fraudulent scheme to auction off Graceland to the highest bidder.

MEMPHIS, Tenn. – Elvis Presley’s estate is fighting what they say is a fraudulent scheme to auction off Graceland to the highest bidder.

An auction had been scheduled for Thursday of this week, but a Memphis judge blocked it after Presley’s granddaughter, Riley Keough, requested a temporary restraining order and filed a lawsuit, court documents show.

A public notice for a foreclosure sale of the 13-acre Memphis property posted in early May said the Promenade Trust, which controls the Graceland museum, owes $3.8 million after defaulting on a 2018 loan. Keough, actress , inherited the trust and ownership of the house following the death of his mother, Lisa Marie Presley, last year.

Naussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan, 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 in September 2023.

“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 appears on the documents, indicated that she never met Lisa Marie Presley or notarized any documents for her, according to the court record. 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 Tuesday.

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 in front of the museum is 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 it. I think it wouldn’t be very good if they lost it.”


Associated Press reporters Sarah Brumfield in Silver Spring, Maryland, and Heather Hollingsworth in Mission, Kansas, contributed to this report.


This story has been corrected to reflect that Russell is an attorney for Keough, not Naussany Investments.