LISA MARIE SELLS THE FAMILY BUSINESS

Reuters reports that Lisa Marie Presley sold 85 percent of the Elvis Presley estate to SFX radio founder and concert promoter Robert F.X. Sillerman. Elvis' estate includes rights to the singer's name and the management of Graceland, and is valued around $100 million. Sillerman will pay $53 million in cash and assume $25 million in Presley Enterprises debt, paying the balance in shares. Lisa Marie retains the title to Graceland mansion, Elvis' home where he died in 1977.

Comments

More News

Labelmate Ronnie Dunn surprises guests with “Cowgirls Don’t Cry” duet.
New artist gets raves for her performance in Los Angeles.
Ashley Monroe, RaeLynn, Clare Dunn and Courtney Cole join the fun.
Bed and bath lines were created from picking their own favorite items.
Another grandchild for the Oklahoma country star.
82 years young and still burning bright.