MX23RW : Tuesday, December 17 11:52:56| >> :600:368755370:368755370:

Lance Armstrong sells off his estate in Austin, Texas

Armstrong sells Austin estate
© AP Photos
Disgraced cyclist Lance Armstrong sells off his Austin, Texas estate for reportedly around £4m less than the listed price.

Disgraced cyclist Lance Armstrong has sold off his estate in Austin, Texas amid a number of reported lawsuits against him.

The 41-year-old was stripped of his record seven Tour de France titles and issued with a lifetime ban from cycling after the United States Anti-Doping Agency exposed a mass of evidence of illegal drug-taking.

The 1.7 acre home is believed to have been sold for around £2m to energy dealer Al Koehler, despite the property originally being listed at £6.5m.

"I'm glad this house stayed with a loyal Austinite," Koehler told the American-Statesman. "We can do a lot of good for the city of Austin with this home. I didn't pay anything close to that [listing], but the Austin rumour mill is what it is."

Armstrong, who also owns a home on Hawaii, has a fortune said to be worth £39m.

ID:78952: cacheID:78952:1false2false3false:QQ:: from db desktop :LenBod:restore:1189:
Written by
Danielle Joynson
Restore Data
Share this article now:
Lance Armstrong during his interview with Oprah Winfrey on January 14, 2013
Read Next:
US government to sue Armstrong
>