Mathew Knowles Releases Statement On No Longer Managing Beyonce

Beyonce's much documented business relationship with her father Mathew Knowles has been dissolved. Announced today in a statement on behalf of the singer, it was confirmed that the controversial Knowles will no longer serve as the superstar's manager " after guiding her career since childhood.

Perhaps in a bid to counter suggestion of a rift (or just to save face), the 60 year old has released a statement regarding the matter.

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