MANCHESTER (AFP) Manchester City chairman Khaldoon al-Mubarak insists Roberto Mancini will remain in charge at Eastlands despite his sides failure to qualify for the Champions League. Citys Abu Dhabi-based owners set the Italian a target of qualifying for the Champions League when he replaced Mark Hughes as boss earlier this season, but that ambition was shattered by Tottenhams 1-0 win over Mancinis men on Wednesday. They are now unable to catch fourth-placed Spurs, prompting suggestions former Inter Milan coach Mancini would be sacked. But Khaldoon and owner Sheikh Mansour, who have spent over 200 million pounds on new players since taking over, claim they never viewed Mancinis appointment as a short-term option and insist the manager will be backed strongly in the transfer market during the close-season. There is no speculation, Khaldoon told Citys website. Roberto has done an excellent job. I am very happy and Sheikh Mansour is delighted with the way he has organised the team. With a good pre-season to prepare for next season he (Mancini) is going to do a wonderful job for us next season and for many years. I have the highest regard for him as a human being and as a person and believe he is definitely the right manager for this club for many years. City have gone through five managers in the past six seasons and there is no appetite for another change, especially as Khaldoon sees enough progress to be satisfied with Mancinis efforts this term. We made a big leap last year, he said. It is a different team now, especially in the last couple of months. This is a much more organised team. Roberto is driven and committed. He has a winning mentality. He wants to achieve things and has the interests of the club at heart. What he needs is time to prepare. We know the areas which need to be improved and the manager will be given all the tools he needs to be well prepared for next season. While City must be content with Europa League action next season, Khaldoon believes his club are destined for major success in the long term. We are going to get there. But we just cannot allow ourselves to sulk, Khaldoon added. Fifth is not where we would have liked to be but its a major achievement for this club. Many people want success today and that is natural. I would have loved us to win the league this year. But I dont think you can win the league without building a winning mentality and that is what happened this year. Its been successful. We will come back stronger, determined to move forward.