(21 May 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
ARCHIVE: Memphis, Tennessee- 22 January 2023
1. Various of Graceland
ASSOCIATED PRESS
Memphis, Tennessee – 21 May 2024
2. SOUNDBITE (English) Adrian Sainz, The Associated Press:
"Elvis Presley’s granddaughter says the king of rock n’ roll’s estate in Memphis, known as Graceland, is not for sale. Riley Keough, who is Elvis Presley’s granddaughter and the daughter of the late Lisa Marie Presley, is challenging an attempt by an investment company to sell the Graceland museum."
3. Tight on names written on wall outside of Graceland
4. Wide of a tour bus at Graceland
5. SOUNDBITE (English) Adrian Sainz, The Associated Press:
"The company claims that Lisa Marie Presley entered into a loan with the company and used Graceland as collateral for the loan. The company says that the loan has not been repaid and it is attempting to sell it in a foreclosure."
ASSOCIATED PRESS
ARCHIVE: Memphis, Tennessee- 22 January 2023
6. Various of mourners at Graceland for the memorial for Lisa Marie Presley
ASSOCIATED PRESS
Memphis, Tennessee – 21 May 2024
7. SOUNDBITE (English) Adrian Sainz, The Associated Press:
"Riley Keough and her lawyers say that the claims are fraudulent and they have received an order from a judge temporarily blocking the sale. A hearing is set for Wednesday."
ASSOCIATED PRESS
ARCHIVE: Los Angeles – 15 January 2024
8. Priscilla Presley and Riley Keough pose at the 75th annual Emmy Awards
STORYLINE:
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.
Naussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan and the company would sell the estate to the highest bidder, according to the foreclosure sale notice. Keough, on behalf of the Promenade Trust, sued last week, claiming that Naussany presented fraudulent documents regarding the loan and unpaid sum in September 2023.
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