Beyonce released a statement to explain why, but she also wants to stress her continued devotion to her father despite ending their business relationship;
“I’ve only parted ways with my father on a business level. He is my father for life and I love my dad dearly. I am grateful for everything he has taught me. I grew up watching both he and my mother manage and own their own businesses. They were hard-working entrepreneurs and I will continue to follow in their footsteps.”
Mathew Knowles has managed his daughter’s career since Beyonce made her debut as a teenager in the group Destiny’s Child in the late 1990’s. But now he will focus his career on his label’s work in gospel and inspirational music.
He has also released a statement;
“Business is business and family is family. I love my daughter and am very proud of who she is and all that she has achieved. I look forward to her continued great success.”
There is no news yet on who will be Beyonce’s manager now.