"As we've seen this season, winning the title is very difficult," Fergie told the Mirror. "If us and Chelsea win our final game I will be very happy, because our goal difference is so much better than theirs."
And in contrast to Newcastle boss Kevin Keegan, who branded the Premier League "boring" because of the domination of the bigger clubs, Fergie claimed it remained the most competitive in the world.
"It would be impossible to make the Premier League any more attractive than it is, which is why more than 200 countries take our top matches on television," said Fergie.
"I'm told the figure was 230 when we played Arsenal recently. To be honest, I didn't think I knew there were that many countries in the world. Essentially, it's the way we play the game that makes it so attractive, and I also believe the increasingly competitive nature of the league is a big factor too.
"There just isn't a 'dead cert' outcome when it comes to predicting results. Some people say the big clubs with their cash are squeezing the others into becoming also-rans, but I don't see it. There has been a definite tightening up in the Premier League.
"Yes, it's now a two-horse race on the home straight between us and Chelsea. But Arsenal were right up there until recently and Liverpool were always a threat, while several other sides were close to breaking into the leading group at one point.
"Everton and Aston Villa have narrowed the gap on the so-called top four this season. The days of the long, two-horse race for the title have gone. In fact, there are a number of teams in the division who have had a vital say in the destination of the title.
"So there are no easy games and who knows what's going to happen in the remaining fixtures?"