There has to be a conflict of interest here? They sponsor Arsenals stadium and shirts through the airline. The paper trail clearly leads back to the Mohamed family so they would own one club whilst be the main sponsor of another. If the takeover was to be allowed by the FA then surely they should insist in them withdrawing all funding / sponsorship to Arsenal. Bit of luck Liverpool will end up like the Horse he paid millions of pounds for, didn't race, went lame and then couldn't get it up at stud. perhaps he is bored of Horse racing after Godolphins lack luster season.
Abramovich has the same issue on a European scale though, as his company are the shirt sponsor of CSKA Moscow. UEFA ruled it to not be a conflict of interest I believe, so I imagine our own FA would follow suit.
Who is Sheikh Mohammed? He is a relative of Milk Shake and a distant cousin of Sheikhy Stevens. His favourite music is by Sheikhattack and he never sheikhs hands with anyone. His scouse accent is on the sheikhy side and when he boozes too much he gets the sheikhs His wife Mo Hammered drinks far too much.