Beyonce announced yesterday that she has parted ways professionally with her father, Matthew Knowles. The chart-topper clarified that it was only done “on a business level,” to Us Magazine and that she still loves her father dearly. Matthew and Beyonce’s mother, Tina split in 2009 after 29 years of marriage, but Beyonce stressed that she still respects her father and the work he’s done over the years. Matthew has managed Beyonce since she was young, seeing her through a very successful career including Destiny’s Child.
Now that he has more time on his hands, Matthew will focus on the a handful of talent in the gospel division of Music World Entertainment. No word yet on who will manage Beyonce, who is set to release an album later this year.