Reality Star Eliraz Sade Details Devastating Financial Collapse
Translated & summarized from Srugim by baba
Reality TV star and presenter Eliraz Sade shared details of a severe financial crisis he endured after his involvement in the "HaChalkai" fruit and vegetable chain collapsed. Sade stated he lost everything, including his apartment, after paying off debts due to his name being associated with the business. He previously reported a loss of three to four million shekels from the venture.
The story in 5 lines · by baba
- Eliraz Sade lost everything, including his apartment, due to the collapse of the "HaChalkai" chain.
- Sade was a partner in the fruit and vegetable business and paid off its debts.
- He estimates his financial loss from the venture to be between three and four million shekels.
- The "HaChalkai" chain faced financial difficulties, lawsuits, and pricing complaints.
- Sade shared his experience on the podcast of host Ben Ben Baruch.
Eliraz Sade, the winner of the reality show "Big Brother" and a presenter on i24, revealed the severe financial crisis he experienced following the collapse of the fruit and vegetable chain "HaChalkai," in which he was a partner. Speaking on Ben Ben Baruch's podcast, Sade described his involvement in the business and the personal cost.
"I entered as a partner with public relations percentages, but when the business got into trouble, I threw myself into it and lost everything I had because my name was on it," Sade explained. He detailed how he paid off all the debts and sold his apartment in Ashkelon. "When you go through such a period, you learn about everything, it teaches you about people, about yourself, about businesses in Israel."
Sade joined the chain as a partner in 2016 and participated in its management. However, the business faced financial difficulties, lawsuits, and complaints regarding pricing, leading to the gradual closure of its branches. Sade has previously stated that he lost between three and four million shekels, an amount equivalent to the value of two apartments.
