Manchester City, Manchester United and Liverpool have already invested heavily in players this summer while clubs such as Chelsea and Tottenham have been among the big spenders in recent seasons.

With such a large difference between the haves and have-nots, the Premier League is in danger of becoming a two-tier competition but Scudamore's main focus is to ensure every club at least has the capacity to compete on any given matchday.

"Ever since football began in England there's been financial disparity and I've presided over a league that has some clubs that turnover £300million a year and other clubs whose turnover is £50million a year," he said.

"The financial disparity has always been there, the issue for us is can we put on a competition and distribute the revenues that we generate centrally in such a way that each individual match remains competitive? So can Wolverhampton Wanderers, bottom of the league, turn up and beat Manchester United, who were unbeaten at the time and top of the league on a given Saturday in February? That's all that matters to us.

"It is not my job to smooth out and iron out the financial disparities between clubs, an impossible thing to do, a non-starter, but we've got to make sure that each club at the smaller end is able to compete.

"Growing the league generally works for everybody because it gives everybody a lift up. The ratio of money (income distribution mechanism) top to bottom was about 2.7 to one, it's now about 1.54 to one so we've actually squeezed it.

"When the debate goes on about the relative merits of each league, while I have huge regard for La Liga (in Spain) and the beautiful football generated by Barcelona last season and Real Madrid did pretty well too, I wouldn't swap in terms of what they've got with those two clubs being so dominant within their league.

"I would much prefer the situation where yes, you can probably name the five or six clubs that might occupy the first four, five, six places in our league but that's not quite the same thing and there's always teams below that that can come along and beat them."

With UEFA's Financial Fair Play rules set to be implemented in 2013, the hope is it will lead to a more level playing field.

Manchester City's recent sponsorship deal with Etihad attracted criticism from some quarters, though, after being perceived as an attempt to circumvent those rules, a matter for UEFA according to Scudamore.

"It is nothing to do with us and is all to do with UEFA and their Financial Fair Play rules. They're not our rules, they're UEFA's Financial Fair Play rules and UEFA will do whatever they need to do with that," he said.

"I don't think our clubs should get involved too much at looking at each other and sniping about revenue deals. The idea that Financial Fair Play - which is supposed to be a cost constrainer - is now becoming a revenue analysis business is just crazy.

"You can't argue with it, the idea that you can only spend what you raise in revenue is not a bad idea.

"But English football is being predicated on people being able to raise revenues from various sources, whether it be benefactor funding, local businesses, sponsorship deals or wealthy foreign investors. Therefore the idea that somehow we're all sitting round worrying about where they've got their money from is probably not somewhere the Premier League generally wants to be involved. It's about sustainable growth."