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Lance Armstrong sells off Austin estate

By:
Cycling News
Published:
April 11, 2013, 9:59 BST,
Updated:
April 11, 2013, 11:14 BST
Edition:
First Edition Cycling News, Thursday, April 11, 2013
US president Bill Clinton flanked by Lance Armstrong and his wife Kristin as he presents Clinton with a Trek and yellow jersey in 1999

US president Bill Clinton flanked by Lance Armstrong and his wife Kristin as he presents Clinton with a Trek and yellow jersey in 1999

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$3.1 million paid for rider's US estate

Lance Armstrong has sold his home estate in Austin, Texas for a reported value of $3.1 million. The sale was confirmed by Armstrong’s spokesperson according to ESPN, with the property obtained by an oil-and-gas-rights agent.

According to ESPN, “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."

Armstrong plans to remain in Austin, Texas, where he has lived since retiring from the sport.

In 2012 he was stripped of his seven Tour de France titles as well as all his other results dating back to 1998, by USADA. Their Reasoned Decision led to Armstrong confessing to using performance enhancing drugs during his career. The confession came during a live interview with Oprah Winfrey in January of this year.

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.
 

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