... the Ibrox club and Newcastle United were to qualify for European competition.
It is understood that approaches have been made to Ashley from the Ibrox board as the club seeks money to stave off a debilitating crisis.
City sources told Herald Sport last week Ashley now seems to have emerged as the board's best hope of investment.
The Rangers fans group had been assured that the club could raise funds "at the push of button" with Ashley the saviour.
The supporters are also concerned that Ashley's involvement could cause problems between the Ibrox club and the governing bodies.
The Union of Fans statement read: "Will the board get an unequivocal assurance that the SFA will not use this issue as a stick to beat the club with further down the line?
"The SFA have a track record of attempting to impose draconian sanctions on Rangers using tenuous methods.
"We are also concerned that, under UEFA regulations on dual ownership of clubs, Mr Ashley cannot have a 'decisive influence over decision making' at Rangers without it leading to the possibility of us not being able to compete in European competition."
Newcastle United Fixtures
NEWCASTLE 0 MAN CITY 2
Krul, Janmaat, Williamson, Coloccini, Dummett, Colback, Anita (63' Obertan), Cabella, Sissoko, Gouffran (74' Aarons), Riviere (83' Perez).
Subs: Haidara, Elliot, S Taylor, Abeid
Saturday August 23
Aston Villa v Newcastle United
Saturday August 30
Newcastle United v Crystal Palace
Saturday September 13
Southampton v Newcastle United
Saturday September 20
Newcastle United v Hull City
Monday September 29
Stoke City v Newcastle United
Saturday October 4
Swansea City v Newcastle United
Saturday October 18
Newcastle United v Leicester City
Saturday October 25
Tottenham v Newcastle United
Saturday November 1
Newcastle United v Liverpool
Sunday November 9
West Brom v Newcastle United
Saturday November 22
Newcastle United v QPR
Saturday November 29
West Ham United v Newcastle United
Tuesday December 2
Burnley v Newcastle United
Saturday December 6
Newcastle United v Chelsea
Saturday December 13
Arsenal v Newcastle United
Saturday December 20
Newcastle United v Sunderland
Friday December 26
Man Utd v Newcastle United
Sunday December 28
Newcastle United v Everton
Thursday January 1 2015
Newcastle United v Burnley
Saturday January 10 2015
Chelsea v Newcastle United
Saturday January 17 2015
Newcastle United v Southampton
Saturday January 31 2015
Hull City v Newcastle United
Saturday February 7 2015
Newcastle United v Stoke City
Tuesday February 10 2015
Crystal Palace v Newcastle United
Saturday February 21 2015
Manchester City v Newcastle United
Saturday February 28 2015
Newcastle United v Aston Villa
Wednesday March 4 2015
Newcastle United v Man Utd
Saturday March 14 2015
Everton v Newcastle United
Saturday March 21 2015
Newcastle United v Arsenal
Saturday April 4 2015
Sunderland v Newcastle United
Saturday April 11 2015
Liverpool v Newcastle United
Saturday April 18 2015
Newcastle United v Tottenham
Saturday April 25 2015
Newcastle United v Swansea City
Saturday May 2 2015
Leicester City v Newcastle United
Saturday May 9 2015
Newcastle United v West Brom
Saturday May 16 2015
QPR v Newcastle United
Sunday May 24 2015
Newcastle United v West Ham United
SKY SPORTS GAMES
AUGUST
Sat 16: Arsenal v Crystal Palace (5.30pm)
Sun 17: Liverpool v Southampton (1.30pm)
Sun 17: Newcastle United v Manchester City (4pm)
Mon 18: Burnley v Chelsea (8pm)
Sat 23: Everton v Arsenal (5.30pm)
Sun 24: Hull City v Stoke City (1.30pm)
Sun 24: Sunderland v Manchester United (4pm)
Mon 25: Manchester City v Liverpool (8pm)
Sat 30: Everton v Chelsea (5.30pm)
Sun 31: Tottenham Hotspur v Liverpool (1.30pm)
Sun 31: Leicester City v Arsenal (4pm)
SEPTEMBER
Sat 13: Liverpool v Aston Villa (5.30pm)
Sun 14: Manchester United v Queens Park Rangers (4pm)
Mon 15: Hull City v West Ham United (8pm)
Sat 20: West Ham United v Liverpool (5.30pm)
Sun 21: Leicester City v Manchester United (1.30pm)
Sun 21: Manchester City v Chelsea (4pm)
Sat 27: Arsenal v Tottenham Hotspur (5.30pm)
Sun 28: West Bromwich Albion v Burnley (4pm)
Mon 29: Stoke City v Newcastle United (8pm)
OCTOBER
Sat 4: Aston Villa v Manchester City (5.30pm)
Sun 5: Chelsea v Arsenal (2.05pm)
Sun 5: West Ham United v Queens Park Rangers (4.15pm)
Sun 19: Queens Park Rangers v Liverpool (1.30pm)
Sun 19: Stoke City v Swansea City (4pm)
Mon 20: West Bromwich Albion v Manchester United (8pm)
Sat 25: Swansea City v Leicester City (5.30pm)
Sun 26: Burnley v Everton (1.30pm)
Sun 26: Manchester United v Chelsea (4pm)
Mon 27: Queens Park Rangers v Aston Villa (8pm)
NOVEMBER
Sun 2: Manchester City v Manchester United (1.30pm)
Sun 2: Aston Villa v Tottenham Hotspur (4pm)
Mon 3: Crystal Palace v Sunderland (8pm)
Sat 8: Queens Park Rangers v Manchester City (5.30pm)
Sun 9: West Bromwich Albion v Newcastle United (1.30pm)
Sun 9: Swansea City v Arsenal (4pm)
Sat 22: Arsenal v Manchester United (5.30pm)
Sun 23: Crystal Palace v Liverpool (1.30pm)
Sun 23: Hull City v Tottenham Hotspur (4pm)
Mon 24: Aston Villa v Southampton (8pm)
Sat 29: Sunderland v Chelsea (5.30pm)
Sun 30: Southampton v Manchester City (1.30pm)
Sun 30: Tottenham Hotspur v Everton (4pm)
BT SPORT GAMES
AUGUST
Sat 16: Manchester United v Swansea City (12.45pm)
Sat 23: Aston Villa v Newcastle United (12.45pm)
Sat 30: Burnley v Manchester United (12.45pm)
SEPTEMBER
Sat 13: Arsenal v Manchester City (12.45pm)
Sat 20: Queens Park Rangers v Stoke City (12.45pm)
Sat 27: Liverpool v Everton (12.45pm)
OCTOBER
Sun 5: Manchester United v Everton (12pm)
Sat 18: Manchester City v Tottenham Hotspur (12.45pm)
Sat 25: West Ham United v Manchester City (12.45pm)
NOVEMBER
Sat 1: Newcastle United v Liverpool (12.45pm)
Sat 8: Liverpool v Chelsea (12.45pm)
Sat 29: West Bromwich Albion v Arsenal (12.45pm)