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Elvis Presley‘s Memphis house is staying within the household … a choose simply blocked the scheduled public sale of Graceland by approving the restraining order Elvis’ granddaughter, Riley Keough, requested
An emergency court docket listening to went down Wednesday morning in Memphis, the place attorneys for Riley offered their case to cease the public sale which was deliberate for Thursday.
As we reported, an organization referred to as Naussany Investments and Private Lending claims Lisa Marie Presley didn’t pay again a $3.8 million mortgage, and Graceland was the collateral. Riley, who inherited Graceland when her mom died, filed docs calling Naussany’s alleged mortgage docs fraudulent.
Another motive the choose probably blocked the public sale is … Graceland isn’t any peculiar household property. It’s additionally a National Historic Landmark, and actually the choose stated, “the actual property is taken into account distinctive beneath Tennessee legislation.”
If the public sale had gone ahead the choose stated it might be “thought-about irreparable hurt” — not solely to the Presley household, however probably to the town of Memphis. Fact is, the entire area generates great tourism {dollars} from the hundreds of thousands of annual guests to Elvis’ residence.