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Formula 1 supremo Bernie Ecclestone is weighing up a bid by officials from Mallorca to try and grab Spain's second race from Valencia in the future.

Amid doubts about the long-term future of the Valencia event, representatives from Mallorca met with Ecclestone at the European Grand Prix last weekend to present plans for an all-new venue that will be completed in 2013.

Joan Jaume Mulet, the mayor of the Llucmajor municipality of the Balearic Islands, has thrown his support behind the project - and has already commissioned Spanish architects Mateo Palmer and Biel Arbona to work on the track.

The 'Circuit of the Balearic Islands' is planned to be 3.6 miles long, and the project has recruited Federico Gastaldi - one of the men who took F1 back to Argentina in the mid-1990s - to act as a mediator in the discussions with Ecclestone.

