Lance Armstrong sells off his estate in Austin, Texas

Disgraced cyclist Lance Armstrong has sold off his estate in Austin, Texas amid a number of reported lawsuits against him.

The 41-year-old was stripped of his record seven Tour de France titles and 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 said to be worth £39m.