Whyte, who is also battling Her Majesty's Revenue and Customs over a possible £49million bill, believes English football would make the club a lot more viable.
"We are in Scottish football so it is not a viable proposition to go put £100million into the team," he told The Daily Telegraph.
"If we went forward into another league set-up, say the English Premier League, then it is very viable to put £100million more in. We are not there at the moment, but we would like to be.
"[Joining the Premier League] is clearly something that we would like to see examined, it is something we are working on behind the scenes. But there are other potential ideas in terms of European leagues, joining some of the Nordic countries, the Netherlands to create a league."