Hearts have already secured promotion back into the top flight, while Rangers scrap away with Hibernian just below them in the table.
Some Celtic fans may want Rangers’ troubles to be prolonged and drawn out, but Whyte feels the Bhoys and Scottish football in general will benefit if they go up at some point in the near future.
“I’m a Celtic man but we and Scottish football need them and Hearts back in the Premiership,” said Whyte.
“It would be great for the league in terms of the money and competition.”
One of the main ways for any side to develop and improve is playing in a higher level of competition in big matches.
Celtic’s rivalry with Rangers in particular would subject Ronny Deila’s players to a level of pressure and emotion, which they haven’t had so far this season.
Hearts also go up in good form having played some very impressive football over the course of the season.
Celtic are the dominant side in Scottish football as things stand and the introduction of their biggest rival and a very forward thinking team will only improve the level of competition and it’s difficult to see a downside.