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Failure to qualify for the Champions League would force club to sell players to generate transfer funds for targets following implementation of new Uefa spending rules

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Manchester City are set to lower their summer spending in order as to ensure that they do not fall foul of Uefa's new Financial Fair Play regulations, The Telegraph reports.

The club have spent around £250 million over the last two years following Sheikh Mansour's takeover on the last day of the 2008 summer transfer window, and are now challenging for Champions League football, with tonight's clash at Blackburn seen as pivotal in their chase for fourth.

However, if City were to fail to qualify for next season's competition, they would be hit hard by missing out on the lucrative financial rewards provided by TV revenue, which could be worth £40m to the club depending on how far they progress in Europe.

The regulations have been put into place to ensure that each club that plays under Uefa have balanced their books by 2015, to bring an end to spiralling debts and irresponsible spending, meaning that the Eastlands outfit will need to massively increase profits or cut their transfer spending to a more manageable level.

One way in which the club could boost income is through a wide-scale sell-off of a number of their players, as has been predicted ahead of this summer. Carlos Tevez, Shay Given, Wayne Bridge, Jo, Shaun Wright-Phillips, Roque Santa Cruz and Emmanuel Adebayor are all expected to leave during the summer transfer window and would generate a potential accumulative total of up to £80m pounds.

These funds would then be used to invest in the squad, with big money deals for a number of players having already been slated, with Udinese's Alexis Sanchez reportedly a target for Roberto Mancini.

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