The Indian Premier League (IPL) Chairman Arun Singh Dhumal believes that the cash-rich T20 event is not threatened by the emergence of new leagues around the world.
The IPL attracts some of the best players and coaches in the world and has an estimated brand value of $8.4 billion
"We don't see anyone else as our competition, there is none even close to IPL," he told Reuters by telephone.
"Our best wishes to all the boards starting their own T20 leagues, but I don't think any of them can be a threat to IPL."
It must be noted that the United Arab Emirates and South Africa have launched their T20 leagues this year, while Major League Cricket will begin in the United States next month.
Dhumal also shed light on the recently-concluded season of the Indian Premier League, which was won by the Chennai Super Kings.
"It has been a phenomenal success, and largely because of the sheer competitiveness of this year's tournament," Dhumal added.
"Most of the matches went down to the wire and there were plenty of last-over thrillers. We got a phenomenal response from the fans. Our viewership grew manifold and our broadcast and digital partners both are excited.
"Even the in-stadia experience of the fans has been phenomenal, and going forward it's only going to get better."
Dhumal also said that there were no plans about increasing the $11.5 million salary cap for each franchise.
"We will have to consult the franchises and team owners before taking a call," he said.
"While we still have 10 months before the next IPL, a lot of discussion will have to take place before anything like that happens."
Dhumal also brushed aside the notion that IPL was planning to hold matches in Saudi Arabia.
"It's the ICC's job to grow the game outside the traditional pockets," Dhumal said. "BCCI has helped nations in the past but as far as a T20 league in Saudi Arabia is considered, it's all speculation."