The 67-year-old is a life-long fan of “Aston Villa”, who are six points adrift at the foot of the Premier League table.
“Mervyn successfully steered the Bank of England through the most turbulent economic headwinds in living memory. His appointment to the board is a huge boost as we plan our path back to more successful times,” Villa chairman Steve Hollis said.
“I watched my first match at Villa Park more than 55 years ago, and have experienced the highs and the lows since then. I shall do my best to help the rebuilding of Aston Villa Football Club as together we return it to its position as one of the top clubs in the world,” said King.