The LA Galaxy is owner by Philip Anschutz. Philip Anschutz is an entrepreneur who co-founded many Major League Soccer teams, including the LA Galaxy, Houston Dynamo, Chicago Fire, San Jose Earthquakes, Kansas City Wiz, and the New York/New Jersey Metro Stars. He also has stake in the Los Angeles Lakers, an NBA team. Anschutz bought out his father Wyoming oiling company in 1961, then diversifying his investments in everything from railroads to entertainment companies. He graduated from the University of Kansas with a business degree in 1961.