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BANK CHIEF'S WARNING ON FOOTIE FINANCES IBROX BOSSES SAY THANK YOU TO THEIR 12TH MAN.

THE EiR governor of the Bank of England yesterday waded into the debate over Rangers - saying football clubs must "think through" they organise finances. Sir Mervyn King was asked about Gers' plight during a radio interview.

clu how Si abou radi He said: "I think any football fan has seen clubs get into financial difficulty so many times over the years, and then 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."

He said that, unlike some football clubs, Britain did not have any such white knight when the country faced its own financial crisis.

Aston Villa fan King was also asked if, in the light of what had happened to Rangers, the same could happen to an English Premier League club.

He said: "I don't know enough about the finances of individual Premier League clubs to comment."

But he added: "Lots of them are in debt. But again, if they can find somebody to come along and bail them out...

"Britain didn't have a rich person to come along and bail us out and that's why we're paying for it. But football clubs seem to find them."

RANGERS have revealed they will retire the No12 jersey at the end of the season in honour of the fans who have backed the club since it went into administration.

The Ibrox club will pay tribute to supporters at tomorrow's game against Motherwell by dedicating the No12 jersey to them.

A card with a message of thanks from manager Ally McCoist will also be put on every seat.

The first-team squad will also carry a banner of thanks to the fans on to the pitch before kickoff and a souvenir programme saluting fans will be available McCoist said: "Supporters are often referred to as the 12th man and now, more than ever, we are seeing the incredible backing of our global fanbase doing all they can to help Rangers.

"We will pay tribute to our fans by retiring the No12 jersey in their honour and dedicating it forever to the supporters.

"I have been truly humbled by the way our fans have supported the club since we went into administration. Our support has been everything we thought it would be and more and they have shown an allegiance to the club which has been unequalled.

"I'd like to thank them for their ongoing loyalty and commitment to the club we all love."

Lee Wallace, the club's No12, said: "The fans have been absolutely fantastic this season and handing over the No12 jersey to them is the least I can do."

CAPTION(S):

RETIRING J Squad number NO WHITE KNIGHT Z Mervyn King
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Title Annotation:Features
Publication:Daily Record (Glasgow, Scotland)
Date:May 4, 2012
Words:456
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