The most common and most likely answer to this crossword clue is the 8 letter word ODDBALLS
I've seen this crossword clue in Financial Times
O
D
D
B
A
L
L
S
Buddy explains!

The straight part
We know that "Cranks" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case cranks = oddballs.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does ODDBALLS mean?
ODDBALLS noun- An eccentric or unusual person.
- A deviant stimulus that appears among repetitive stimuli during an experiment, to trigger an event-related potential in the participant.