Armstrong Sells Estate
Armstrong spokesman Mark Higgins confirmed the sale and says Armstrong plans to remain an Austin resident.
Armstrong has admitted to using performance-enhancing drugs. He was stripped of his seven Tour de France titles in August and is banned for life from sports.
Source: Lance Armstrong sells his Austin estate for millions by Associated Press
The 41-year-old was stripped of his record seven Tour de France titles, as well as 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 is said to be worth £39m.
Source: Lance Armstrong sells off his estate in Austin, Texas By Danielle Joynson
Since his confession Armstrong has kept a relatively low profile. In February he called for a truth and reconciliation commission within the sport of cycling, even admitting that he would help with the process. However the American has also had to do deal with several litigation issues with both The Sunday Times and SCA trying to obtain sums of monies they lost in legal battles with Armstrong before his confession.
In February it was also reported that the government of the United States was reportedly intending to join a whistleblower lawsuit against Lance Armstrong and others who ran the US Postal Service-sponsored cycling team.
Last month Armstrong attempted to compete in a Masters level swimming competition but was blocked from racing due to his life-time doping ban.
Source: Lance Armstrong sells off Austin estate By:Cycling News Published
Comments