F1 sale expected to get underway on Tuesday

playIs the long-awaited sale of Formula One auto racing to John Malone's Liberty Media near completion? (0:32)Formula One is on the verge of a multi-billion dollar takeover by John Malone's Liberty Group, with a two-stage $8.5 billion deal expected to get underway on Tuesday.

While Liberty and Malone have been linked with the purchase of an F1 stake -- controlling or otherwise -- since February 2014, on-going talks have reached a satisfactory conclusion, according to F1 supremo Bernie Ecclestone.

Speaking to reporters in the Monza paddock, the 85-year-old F1 czar was confident that the sport's new owners would not affect his own position. "I will do what I have always done," Auto Motor und…