The press release has a popular science background - https://www.nobelprize.org/uploads/2020/10/popular-physicspr... Highly recommend the illustrations on the press release for a quick overview Cross section of a black hole (pdf) - https://www.nobelprize.org/uploads/2020/10/fig2-phy-en-cross... The Milky Way - https://www.nobelprize.org/uploads/2020/10/fig3-phy-en-milky... Stars closest to the centre of the Milky Way…
An illustration in the press release contains this phrase: "When a massive star collapses under its own gravity, it forms a black hole that is so heavy that it captures everything that passes its event horizon. Not even light can escape. At the event horizon, time replaces space and points only forward. The flow of time carries everything towards a singularity furthest inside the black hole, where density is infinite…
I hope it helps. I think this is the cleanest explanation with actual visual representation.
Edit: Sorry this one is even better.
How Time Becomes Space Inside a Black Hole | Space Time