Ranson and his "crew" went on to buy Coventry City instead.
OK, we've had troubled times with Ashley - including relegation - but be are now on the up and looking at success in Europe.
As for Coventry City .
Coventry have insisted their future is not in any danger despite placing a non-operating subsidiary of the club in administration. The Sky Blues and owners SISU are due in the High Court in London on Friday morning battling against the threat of an administration order.
A spokesman for the club on Thursday night said the decision to place the non-operating subsidiary into administration will not impact the running of the npower League One outfit.
The statement on the club's official website read: "It is important to stress that the football club itself is not under threat.
"This is merely a property subsidiary which owns no material assets and has no employees, on or off the pitch.
"The club can confirm that all staff wages, PAYE and all other creditor commitments will continue to be met as before by Coventry City Football Club Holdings.
"Unlike other instances of clubs being taken either wholly or partially into administration, there are no HMRC or VAT implications and the football club will continue to trade as normal without interruption.
"Our main objective now is to remain competitive on the pitch and give Steven Pressley and the playing staff our full backing and commitment."
Source: Newcastle United Mad