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Chief executive Richard Scudamore has saluted the enduring quality of the Premier League as it celebrates its 20th anniversary.

Scudamore praised the competition for its excitement ahead of the climax to the campaign and believes it is better than Spain's highly-rated La Liga in many aspects.

Manchester United and Manchester City are level-pegging at the top of the division with two games to go, while there are two relegation places still to be decided.

Scudamore feels that the race for the Premier League title has been compelling and underlines the unpredictable nature of the division.

He told the Daily Telegraph: "I've been here 13 and a half years and I have never felt as excited as this. It's the entertainment value. Look at the amount of times the press and public have said the title race is over.

"At Christmas one of your colleagues was forecasting adamantly that 'Manchester City would win by 10 clear points'. Only five weeks ago, it was 'Manchester United would win by 10 clear points'.

"Here we are with only eight goals between such arch-rivals. It's always nice to have another name on the trophy but when it comes down to this point we really don't care. It's a fantastic achievement by City or United whichever way it goes now."

Roberto Mancini's side have been criticised for their spending power this season, having signed a team packed with international superstars.

Indeed, Manchester United manager Sir Alex Ferguson has voiced his concerns over the amount of money spent by their near-neighbours.

UEFA's Financial Fair Play rules were brought in to prevent clubs such as Manchester City from going into financial turmoil, but Scudamore believes the club are being run in the correct manner.

He added: "We have to make sure that FFP doesn't kill what we are. We have to keep monitoring it. You can't go to the Etihad and say 'that's wrong' when you look at the way the owners have invested in the club, outside the club, look at that fans' area and the Etihad Campus training development.

"It would have been nice for (Michel, UEFA President) Platini to be there on Monday. It is a strong point to make to him: this is what you get when you welcome in inward investment. Any other industry would be welcoming that inward investment. We should welcome it with open arms."

There has been a European dominance in recent years from Spanish giants Barcelona and Real Madrid, with the former having won the Champions League three times since 2006.

However, Chelsea are in the final this year after defeating the Catalans and will face Bayern Munich for the title.

Tottenham flirted with a Premier League title-challenge for a large part of the current campaign, while Arsenal and Newcastle have had their moments of glory too.

Scudamore admits he is enjoying the competitiveness of the league, adding: "Look at how it's evolved. United won it three years in a row, then there was that Arsenal team that nobody could beat. That duopoly has really evolved.

"Chelsea came along. City came along. Now Tottenham and Newcastle. Even talking about Newcastle in this group is fantastic for the game.

"I look at La Liga and think they have two fantastic clubs but I can't see any of the others challenging those two any time soon. I look at ours and, while we have two at the minute who are a little ahead of the pack, there is far more competitiveness. Yes they have Messi and Ronaldo but we have some decent players too.

"I always enjoy watching Wayne Rooney play. I thought Mr Zabaleta playing for City the other night was just magnificent. Ashley Cole always continues to impress, always in the right place, right time.

"Now Papiss Cisse is centre-stage. That second goal against Chelsea was staggering."

Despite supporters' concerns with club's ticket prices, Scudamore feels that Premier League games are fairly priced, although he did admit that not every fan can watch their side on a regular basis.

He said: "Fans are not being priced out. There is a range of prices. If you compare football with what people are paying for their other forms of entertainment, a night at the pub, people are still able to go.

"Can people on low incomes or out of work go to games? Candidly, probably not. But most people can make the cuts to their discretionary income to spend on tickets because football is more important than any other activity in their lives."