OneStat.com Web Analytics

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

Don’t miss an issue! Subscribe to Nash Country Weekly.

More News

The Gambler’s Last Deal begins May 13 in Mahnomen, Minn.
Video features his Wife Alex and Dog Writer as the main characters.
Sam Hunt leads the field with nods in three categories.
New single, “Outskirts of Heaven,” has youngsters thinking.
The faith-fueled tune is part of Blake’s new album, “If I’m Honest.”