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Manchester United plc
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=== Risks Related to the Industry === An economic downturn or other adverse economic conditions may harm the company's business.<ref name=":1" /> The departure of the United Kingdom from the European Union may adversely affect the company's operations and financial results.<ref name=":1" /> An increase in the relative size of salaries or transfer costs could adversely affect the company's business.<ref name=":1" /> UEFA, Premier League and FIFA regulations could negatively affect the company's business.<ref name=":1" /> The company could be negatively affected by current and future Premier League, FA, UEFA, FIFA or other regulations.<ref name=":1" /> There could be a decline in the company's popularity or the popularity of football.<ref name=":1" />
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