Graceland, the iconic former home of Elvis Presley, has now been “saved” after the lender who had hoped to have it auctioned off pulled out of the scheme. The King’s granddaughter, actress and model Riley Keough, had launched a bid to block the sale of the Memphis, Tennessee mansion.
Keough became the owner of Graceland when her mother Lisa Marie Presley died at the age of 54 in January last year. She was fighting an investment firm who claimed that Lisa Marie used the home as collateral for a loan, which was never paid back, so they were trying to regain their money.
