Priscilla Presley and Riley Keough are vehemently denying allegations that Graceland, the iconic estate of Elvis Presley, has gone into foreclosure and are challenging the legality of an alleged sale.
Priscilla Presley and her granddaughter, Riley Keough, have come forward to vehemently deny claims that Graceland, the legendary estate of Elvis Presley, has gone into foreclosure and is facing a purported sale. The Presley family is actively contesting the legality of any such transaction, citing significant discrepancies and potential for fraud.
A company named Naussany Investments and Private Lending asserted that Lisa Marie Presley, Elvis' only child, had pledged Graceland as collateral on an unpaid debt prior to her untimely passing. However, the Presley family disputes this claim, emphasizing that the estate's ownership has been firmly established within the family since Lisa Marie inherited it following her father's death in 1977.
Purchased by Elvis in 1957, Graceland has become a renowned pilgrimage site for Presley enthusiasts worldwide. It was opened to the public as a museum in 1982, offering an intimate glimpse into the life and career of the King of Rock and Roll.
Priscilla Presley, who resided in Graceland with Elvis for several years, has been instrumental in preserving the estate's legacy. Together with Lisa Marie, they brought Graceland to Las Vegas in 2019 through an immersive exhibition.
Following Lisa Marie's tragic death in January 2023, Riley Keough, her daughter and the sole inheritor of her estate, was entrusted with the responsibility of Graceland's stewardship. The Presley family has remained steadfast in their commitment to maintaining the estate's cultural significance and ensuring its accessibility to the public.
The Presley family's legal team is vigorously investigating the circumstances surrounding the alleged foreclosure claims. They have asserted that no legitimate notice of default was provided and that the purported sale was conducted without their knowledge or consent.
The Presley family remains confident that the legal process will uphold their rights and preserve Graceland as an enduring tribute to the musical and cultural icon that is Elvis Presley. They are committed to protecting the estate's legacy and ensuring its preservation for future generations.
Graceland's iconic status as a pilgrimage site for Presley fans has been further cemented by the burial of both Lisa Marie and her son, Benjamin Keough, on the estate. The family's deep emotional connection to the property adds to their determination to safeguard its future.
The dispute over Graceland's ownership has cast a spotlight on the vulnerabilities faced by high-profile estates and the complexities of managing their financial and legal affairs. The Presley family's resolve to fight these allegations underscores their unwavering dedication to preserving the legacy of their beloved patriarch and the cultural heritage embodied by Graceland.
