Premier League chief executive Richard Scudamore has dismissed concerns over the foreign billionaires now controlling English clubs.
Both FA chairman Lord Triesman and Culture Secretary Andy Burnham expressed concern over increased foreign ownership last week while Arsene Wenger said the game must not be allowed to become a "supermarket".
But Scudamore says he does not see anything wrong with takeovers by the likes of the Abu Dhabi consortium who funded Manchester City's £32.5m swoop for Robinho and claim they will turn City into one of the biggest clubs in the world.
Scudamore told BBC Radio Five Live's Sportsweek: "I don't think anybody can escape the fact that money has a huge part to play in professional sport. But I do think what is true is we are in a situation where money isn't everything.
"You can get to a situation where clubs who are well managed can compete in the Premier League without necessarily having the biggest wage bill, as Arsenal proved three or four seasons ago.
"By rights, Chelsea should have won the league for the last three or four seasons if it was all about resources and money."
Scudamore added that he was convinced the group behind the City takeover had the best intentions not only for the club but for the game, and said the deal would help make the Premier League more competitive.
Scudamore added: "I know they are very decent business people and they want to do business in the right way.
"They want to do this with credibility. There is no point for any group from Abu Dhabi investing in English football and not enhancing their reputation in doing so.
"This money will not just be thrown at this without any sort of objectivity. I think it will be done properly, it will be done decently. If their ambition is to come in and win there is nothing wrong with that.
"At the end of the day the idea of dominance of the richest clubs is plural. I've been here for 10 or 11 years and I've gone through periods when Manchester United won this league two or three years in a row.
"I've gone through periods when Chelsea were going to win it every years when Roman Abramovich came along.
"I don't believe there is a dominance of any one single club. There will always be a league table. There will always be a club in the number one position and there will always be three relegated - no matter how wonderfully run every club is."