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Manchester United plc
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=== Risk Related to the Company's Indebtedness === The company's indebtedness could adversely affect the company's financial health and competitive position.<ref name=":1" /> To service the company's indebtedness, the company requires cash, and the company's ability to generate cash is subject to many factors beyond the company's control.<ref name=":1" /> The company's indebtedness may restrict the company's ability to pursue the company's business strategies.<ref name=":1" /> The company's variable rate indebtedness subjects us to interest rate risk, which could cause the company's debt service obligations to increase significantly, as well as risks related to the phasing out of LIBOR.<ref name=":1" />
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