Although the entrepreneur, who is also heavily involved in MLB's San Francisco Giants and English Championship football's Derby County, admits the Whitecaps are not up there with the likes of the aforementioned clubs he is confident they can do their best to compete.
"We brought this up and it's going to happen, it's inevitable, and it's how you grow the league," Mallett told The Province.
"I still believe the little clubs, and the medium clubs, can succeed. It's happened, and it will continue to happen.
"It forces us to be even better at what we do. We're a pure play football club. We're totally dedicated to that. We have to have better scouting and development. It just puts the pressure on us.
"We're not a super club, but I know we can compete with any big club in MLS, and in CONCACAF, but we have to be the best at what we do."
As for their own Designated Player, Mallett did not rule out the potential to one day bring in a big-name player from abroad but suggested it was not all that likely.
"Never say never, but it's just not the nature of what our club is all about," Mallett added. "We don't own a hockey team and a building. It's just a different model."
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