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Good News For Elvis Fans

A judge in Tennessee has blocked a planned auction of Graceland, the former home of Elvis Presley.

Elvis Presley pictured in 1958
Elvis Presley pictured in 1958, the year after he bought Graceland.

The mansion has been at the centre of a dispute between Presley's granddaughter, actress Riley Keough, and a company that claimed ownership after saying his estate had failed to repay a loan. Keough inherited Graceland and much of Presley's estate after her mother, Lisa Marie Presley, died last year.

Naussany Investments claimed Lisa Marie used the property as collateral for a $3.8m loan that was never paid back. They planned to sell it at an auction yesterday.

However, Keough alleged that the paperwork on the loan was fraudulent and her mother's signature had been forged. On Wednesday, the court issued a temporary injunction against the proposed auction.

In a statement, Graceland and Elvis Presley Enterprises told the BBC: "As the court has now made clear, there was no validity to the claims. There will be no foreclosure. Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans from around the world can continue to have a best in class experience when visiting his iconic home."

Today, Graceland attracts around 600,000 visitors a year. Elvis is buried there, as are his parents, daughter Lisa Marie, and her son Benjamin Keough.


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