A US football team is scheduled to play a game in UK next year. All expenses will be paid by the British government, and the team will get paid $1$ million British pounds. It is anticipated that the British pound will depreciate significantly by the time the team travels for the game. The deal has to be approved by NFL and NFL will take three months to approve or disapprove this deal. Explain how the team can hedge this position. If the team does not do anything to hedge the risk, what are the possible consequences?