Armstrong sells Texas mansion

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

The Austin American-Statesman said a deed of trust filed with Travis County last week showed Al Koehler obtained a $3.1m loan to buy the property, Armstrong’s home since 2004.

Armstrong was stripped of his seven Tour de France titles in August and is banned for life from sports.

Although county tax rolls listed the 1.7-acre property’s value at $3.9m, local estate agents say the house was listed at $10m.

But in an email to the American-Statesman, Mr Koehler, a founder of Royalty Clearinghouse, which buys oil and gas royalties and mineral rights on behalf of clients, says he paid nothing close to the listed value.