
As previously reported, multi-platinum singer Beyoncé Knowles ended her management relationship with her father, Mathew Knowles and his Music World Entertainment company earlier this year. At the time both parties stated that their decision to part was "mutual." However, recent reports claim that Beyonce dismissed her father due to stolen money.
According to Mr. Knowles, who filed court papers against tour promotion company, Live Nation Entertainment, the claim is false.
TMZ managed to get their hands on the legal documents which outlined how the company allegedly lied on the former Xeox executive in order to helm her 2011 world tour. Knowles claims in the document that Live Nation befriended the international Pop star and told her that he "had stolen money from Beyonce on her most recent tour or otherwise taken funds that [he] was not entitled to." Adding that the 'Single Ladies' singer ordered her law firm to conduct an audit, which in fact proved that Knowles had swindled a lump sum of money for her.
The documents also claim that following Mathew Knowles' termination Beyonce hired a replacement who previously worked as an executive at Live Nation.
Knowles is reportedly seeking the right to take depositions of various people at Live Nation, to determine just how they concluded he was a thief.
Shortly after she ended her professional relationship with her father, Beyonce released a statement stating that she is; "grateful for everything he has taught me. I grew up watching both he and my mother manage and own their own businesses. They were hardworking, and I will continue to follow in their footsteps."

Comments: (18)
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By: Lyle on 7/12/2011 6:31PM
Its a shame that these performers and families have to go though this crap. The Jacksons and how many others. Money can destroyed a family if they don't watch it.
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By: Lily White on 7/13/2011 12:10PM
It's also a shame that you cannot spell...smh!
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By: girlking on 7/13/2011 12:30PM
@Lily White,
Now you know it was a typo. That was petty.
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By: marc on 7/14/2011 12:18AM
I totally agree. nothing better to do, lily white?
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By: Lyle on 7/14/2011 11:30AM
Hey, lily white. Why don't you kiss my Black azz.
Now, tell me what word I mis-spelled there.
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By: kheru on 7/13/2011 5:47PM
You can always count on the Knowles camp to put out a properly worded statement. doesn't mean there's ever a word of truth in any of them. if he did take the money, it may have been to pay off the mother of his new child to keep her mouth shut. he couldn't very well tell his daughter about that, before it became public knowledge, that is. I wonder what the timing was on that? Did Solange tweet about it?
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By: SapphiresMomma on 7/13/2011 12:19AM
Please folks!
Why would her dad need to steal her money, when it was he who groomed/pushed/supported her to stardom?
This is a silly article intended as a headline "hook" this is a bunch of mess.
Bey, and her family are ALL SUPER WEALTHY folks!
No one has to steal anything from any one.
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By: michelle franklin on 7/13/2011 11:49AM
As you all know,Bey got her info from some leaches trying to divide and concur her and her dad so that they(leaches/live nation ) can take over her accounts and "really" start stealing from her.
Beys money belongs to her and she allowed her dad to handle that account ,but he mismanaged the funds and that's called embezzling,regardless of the fact that he(Mathew) is her father. If you take money from an account that is not yours,you are embezzling,and that's what they are charging him with, BUT,who in the hell does live nation think they are for investigating her dad,just so they can scam her themselves. Bey, don't let them fools at live nation try to use the divide and concur movement on your family. Even if you don't want your dad helping you,you would do yourself a favor by "NOT" doing business with live nation either...Find someone else!!!
Because them investigating your dad for taking charge of HIS FAMILYS BUSINESS" Is spooky to me!!! Who the F*C* do Live Nation think they are? Go find some clients and leave Beys business alone!!! Leaches!!!!!!!
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By: mistyroe on 7/13/2011 4:17AM
I agree with sapphiresmomma, why would her father have to steal money from her. If he needed it, all he had to do was ask. Im sure she would have forked it over as much as he has done for her. If it wasn't for him, would she be where she is. And, if she decides to act on this so called theft, she deserves a spanking!
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By: kacidoll27 on 7/13/2011 4:34AM
I don't believe Beyonce's dad would steal money from his own daughter. So Live Nation needs to get a life and quit making up rumors to make him look bad.
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