Last night Sir Mervyn King, the governor of the Bank of England, called for stricter regulation in the banking sector to prevent another crippling financial crisis. This morning he praised UEFA for attempting the same thing.The governor had just finished speaking to BBC Radio 4's Today on the state of the UK economy when he was tackled by sports reporter Gary Richardson on the finances of debt-laden Rangers."I think any football fan has seen clubs get into financial difficulty so many times over the years and then [be] rescued by some white knight who comes along only for that white knight in turn to become the person who is disillusioned and walks away," said Sir Mervyn, an Aston Villa fan, before praising UEFA's "fair play" rules, which will demand more financial discipline from clubs.
