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Everton’s takeover by the American investment firm 777 Partners remains on course, despite the possibility of a points deduction that could put the Merseyside club at greater threat of relegation. The Premier League are reportedly pushing for Everton to be deducted 12 points during an investigation into possible breaches of financial regulations but 777 are adamant they still want to proceed with plans to complete a buyout. Everton majority shareholder Farhad Moshiri has signed a deal with 777 Partners, who have invested in a range of clubs including Genoa, Sevilla and Hertha Berlin. Everton were accused of breaking Financial Fair Play rules, which are supposed to limit clubs to a total loss of £105m over a three-year period. But Everton announced losses £44.7m in 2022, £121.3m in 2021, £139.9m in 2020, £111.8m in 2019 and £13.1m in 2018. The Premier League charged them in March though Everton have insisted they have complied with the regulations and their additional losses stem involve allowances clubs were permitted when Covid meant grounds were empty. Everton disclosed all scenarios with 777 during talks and financial due diligence and the potential outcome was priced in to the structure of the deal. A 12-point deduction would leave Everton, who only just avoided relegation in the last two seasons, on minus five. Other potential punishments, if Everton are found guilty, could include a transfer ban or a fine, which West Ham were given for the third-party ownership of Carlos Tevez and Javier Mascherano in 2007. Read More Everton face ‘12-point deduction’ over alleged financial breaches Everton boss Sean Dyche pays tribute to ‘amazing servant’ Bill Kenwright Bill Kenwright: Theatre producer who went from terraces to boardroom at Everton

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Sony trimmed its annual net profit forecast on Friday, partly due to acquisition expenses including the purchase of US game studio Bungie, creator of...

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Shopping for second-hand fashion could prevent carbon emissions equivalent to those produced by 261,000 flights to Greece, analysis from Oxfam suggests. The charity has launched its annual campaign Second Hand September, which encourages people to shop second-hand and donate what they no longer need or wear for 30 days from Friday. Releasing new research to mark the annual campaign, Oxfam said that only 10 per cent of wardrobe contents are second-hand. The charity cited figures from the Waste and Resources Action Programme, which estimates that the average adult wardrobe consists of 118 items. Oxfam said that if half of those items were bought second-hand, it would prevent 12.5 billion kilograms of carbon dioxide created by manufacturing new clothes from entering the atmosphere – equivalent to that produced by 261,000 flights from London Heathrow to Athens. It also said that if each adult in the UK donated all the clothes they have not worn in the past year to charity shops, it could remove the need for 4.9 billion kilograms of carbon emissions – equivalent to flying a plane around the world more than 6,600 times. The findings come amid increasing awareness of the negative effects of the fashion industry, which accounts for 10 per cent of global carbon emissions, according to the UN, which is more than international aviation and shipping combined. Money raised from Oxfam fashion goes towards Oxfam’s work with partners fighting poverty and the impact of the climate emergency around the world. The charity said an increasing number of shoppers, activists and people within the fashion industry have been shopping second-hand since the first Second Hand September campaign in 2019. Bay Garnett, stylist, sustainable fashion advocate and senior fashion adviser at Oxfam, said second-hand clothes have become an emerging style and agreed it has become “cool to care”. “I’ve seen a huge change. Kids love to do it now and what’s brilliant is that second-hand now has become a trend. It’s a genuine tipping point for it being a style choice,” she told the PA news agency. “I also think the big difference now is that it’s seen as a point of activism and originality. Kids are proud that they’re going to second-hand because it shows independence and a form of activism and strong decisions.” Ms Garnett, who came up with the idea to do visual campaigns for Second Hand September, collaborating with stars such as Sienna Miller and Felicity Jones, added that second-hand shopping is also an “antidote to the culture of newness, of Instagram and disposability”. She added: “When you shop at second-hand shops, the money that you’re spending raises crucial funds for Oxfam’s work fighting poverty and the impact of the climate emergency. That’s a fantastic place to put your money. “That’s pretty powerful in itself – the fact that it’s not going to make people richer but it’s going to help the people who are poor or the most disenfranchised by this whole situation.” Lorna Fallon, Oxfam’s retail director, said: “As a major emitter of greenhouse gas, much of the fashion industry as it stands is a threat to people and planet.” She added: “Shopping this way sends a clear message to the fashion industry that consumers want, and expect, things to change.” Miquita Oliver, Oxfam’s second-hand clothes ambassador, said: “It’s timely that we’re talking about second-hand clothes and living in a more sustainable way, as awareness of the environmental impact of our shopping choices is growing. “Today’s research from Oxfam shows that something as simple as buying clothes second-hand, and donating what we don’t wear any more, can help change the world for the better. It’s as simple as that.” Read More Woman adopts husband’s ex-wife’s son after growing up in foster care herself Florence Pugh says backlash to her nipple-bearing dress shows people are ‘terrified of the human body’ Woman says she started to wear ‘terrible wigs’ after her job banned her pink hair