Beyonce Cans Her Business Manager Dad

After almost 15 years, Mathew Knowles will no longer be managing the career of his daughter Beyonce.

However, both daughter and father insist it is an amicable split and they are still devoted to their relationship and family.

In a statement Beyonce said, my father and I are only parting ways at the business level. I am very grateful for all that my father has taught me. While I was growing up I watched both my mother and father own and manage their own businesses. My parents were hard working entrepreneurs. I am following in their footsteps. I dearly love my dead. He will always be my father.

Mathew Knowles has guided the career of Beyonce’s since the middle 1990s when she was a member of Destiny’s Child, the girl group. Although the worth of his daughter is higher than some countries, Beyonce’s statement was backed up by Papa Knowles, stating that their split was completely a business decision.

Knowles said, we agreed mutually to part ways as far as managing Beyonce. My focus is on the growing inspirational and gospel music division of Music World Entertainment. Our roster includes such Top artists as Dr. Juanita Bynum, Vanessa Bell Armstrong, Micha Stampley, Brian Courtney Wilson and Trinity 5:7. Because these artists are all so successful, my focus right now needs to be with gospel. In addition I will still be continuing my joint venture relationship with Columbia and work with Destiny’s Child as well as develop new artists such as From Above the pop band from the U.K., and the kids’ music division at Music World.

US Weekly reports that Beyonce is planning on releasing a new album late in the year. However she hasn’t hired a new manager yet.

Mathew said Beyonce has the experience and knowledge to make the decision. She hasn’t made a final decision yet.