Matthew Knowles has managed his daughter's career since the 90s but in a statement released yesterday it was confirmed the two have parted ways, but only professionally, obviously.
"I've only parted ways with my father on a business level," Beyoncé said. "He is my father for life and I love my dad dearly. I am grateful for everything he has taught me."
In response, Matthew put out the following 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."