Cycling

Lance sells his Austin estate

2013-04-11 07:44
Lance Armstrong (AFP)

Austin - Disgraced cyclist Lance Armstrong has sold his Austin estate to an oil-and-gas rights agent.

The Austin American-Statesman reports a deed of trust filed with Travis County last week showed Al Koehler obtained a $3.1 million loan to buy the property, which had been Armstrong's home since 2004.

Koehler is a founder of Royalty Clearinghouse, which buys oil and gas royalties and mineral rights on behalf of clients.

Armstrong spokesperson 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.


Read more on:    lance armstrong  |  cycling
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