Venture capital and the 'Sports Illustrated' debacle

Washington Post National Sports Culture and Politics Reporter Michael Lee joins Edge of Sports for a frank talk on the putrid effects of venture capital and hedge funds on sports media, Black Lives Matter in sports, and more.

Layoffs, lawsuits, license revocations. The tragicomic spectacle unraveling at Sports Illustrated bears all the signs of a familiar tale: how hedge funds can take a functional, beloved brand and transform it into an anemic husk of its former self by mercilessly draining it for profit.

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