By Duncan Mackay

Lance Armstrong houseApril 11 - Lance Armstrong has sold his house in Austin where he taped his confessional interview with Oprah Winfrey, although he plans to continue living in the Texan city, it was reported today.

The disgraced cyclist, stripped of his seven Tour de France titles after the United States Anti-Doping Agency (USADA) found him guilty of using banned performance-enhancing drugs throughout his career, is currently facing several lawsuits.

The fee paid by the buyer of the house by Al Koehler, the founder of Royalty Clearinghouse, which purchases oil and gas royalties and mineral rights, is not known but he claimed that it was much less than the listed price of $10 million (£6.5 million/€7.5 million). 

Public figures showed that Koehler took out a $3.1 million (£2.1 million/€2.4 million) loan to buy the property, the Austin American-Statesman newspaper reported.

Armstrong had brought the house, which is situated in a 1.7 acre estate, in 2004 and spent two years renovating it.

It had even featured in Architectural Digest magazine in 2008.

Armstrong's spokesman Mark Higgins confirmed to the newspaper that the sale had taken place, but claimed that he would continue to live in Austin.

Lance Armstrong yellow jerseysLance Armstrong's home used to house his collection of seven Tour de France yellow jerseys

Armstrong is estimated to be worth $60 million (£39 million/€46 million) but since his admission on Oprah Winfrey in January - which was filmed in his house - that he had used drugs several companies have launched legal action against him.

These include claims by the insurance company SCA Promotions and the Sunday Times, plus a whistleblower case lodged by former team-mate Floyd Landis and joined by the United States Justice Department.

The US Government is also suing Armstrong for defrauding the US Postal Service by accepting sponsorship money and then taking banned drugs.

Last week Armstrong's legal team requested a State District Court in Dallas to dismiss the $12 million (£8 million/€9 million) SCA Promotions suit.

He had won a previous case against the company, which had initially refused to pay out bonuses for his Tour wins as it believed they were achieved through doping.

Armstrong's legal team claimeds that the specifics of the original contract plus the wording of the agreement signed after the previous court case mean that SCA Promotions cannot now overturn that decision.

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