Stan Kroenke's record-setting LA Angels purchase should make longterm MLB lockout less likely

If there were any remaining doubts as to the viability and earning potential of Major League Baseball teams, this week's news should end it.

Out of seemingly nowhere, Stan Kroenke, one of the wealthiest people in America, agreed to purchase a majority stake in the Los Angeles Angels from longtime owner Arte Moreno. It had been rumored in recent years that Moreno was considering a sale, but a deal never materialized. Until now.

The price Kroenke paid for the Angels was estimated at a record-breaking $4 billion...