The Premier League champions currently trail neighbours Manchester United by 15 points, and retaining their title looks a distant hope.
That appeared to put pressure on Mancini's future but chief executive Soriano, who moved to the Etihad Stadium from Barcelona in the summer, has a greater understanding of the situation.
"It is not easy to win back any league, especially the Premier League," he told a press conference in Italy where he was picking up an award for his book, Goal: The Ball Doesn't Go in By Chance.
"One year you can win with luck but in the long term you need planning and investments to reach the final of the Champions League.
"In 2003 we did a study at Barcelona and for every player who ended up in the first team from the academy there was an average cost of £2million, which is nothing if you think of the current cost of players.
"The principle of bringing players through is fundamental to give a technical identity to a club, because that leads to a style of play.
"They have to learn from five years old the style of the team, and then you get the benefits."
City's rise to Premier League champions was built on a massive spending spree but Soriano insists that will not be the case moving forward.
"Our squad is still competitive. Our problem is finding players stronger than those we already have and that's not easy," he added.
"In the last three years, we have lost £200m, then £100m and now we're on track to be in the red by £50m, but we have also invested £150m in youth structures.
"It is a fantastic project, aimed at financial sustainability."
@fishcake - you have to admit that Soriano is right about this, but with City and Chelsea the problem is, and will continue to be, the constant fear of the axe. A manager who worries that he won't get to see the fruits of his labours, say, 2 years down the line, because failure in the short term will see him out on his ear, won't put time and energy into developing youth players or even young unproven talent bought from elsewhere. And it's a catch 22 because these are precisely the managers (and clubs) who throw serious money around - meaning the expectation is that they MUST achieve in the short term as well as medium and long term. People scoff at Pardew's lengthy contract, but it allows him to build something sustainable. What City need to do is to ensure that Mancini knows he's there for the long haul (I'm sorry City fans but his transfer and youth policy don't suggest that he has any confidence in this himself), continue their good work in investing in a youth academy, and then make sure there's a policy in place of using those players in more than a token fashion. Chelsea's youth system has produced a below-mediocre number of first team debutants since Abramovic arrived, and not one from this era is currently a regular starter.- big dave