Elvis' granddaughter Riley Keough fights Graceland estate auction
MEMPHIS, Tenn. (AP) — The granddaughter of Elvis Presley is fighting an attempt to publicly auction his Graceland estate in Memphis after a company tried to sell the property based on claims that a loan using the king of rock ’n’ roll’s former home as collateral was not repaid.
A public auction for the estate had been scheduled for Thursday this week, but a Memphis judge blocked the sale after Riley Keough sought a temporary restraining order and filed a lawsuit saying the loan is fraudulent, court documents show. Keough, an actor, is Presley’s granddaughter and the daughter of Lisa Marie Presley.
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 inherited the trust and ownership of the home after her mother’s death last year.