BREAKING: Matthew Knowles Confirms Managerial Split From Beyoncé

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Tray Hova / March 29, 2011

After more than ten years of working together, despite a bit of public controversy along the way, Beyonce and her paternal manager Matthew Knowles have officially called it quits.

According to Matthew, the split was mutual and amicable generally stemming from Knowles decision to focus on managing gospel acts: “The decision for Beyoncé and Music World Entertainment to part was mutual. We did great things together, and I know that she will continue to conquer new territories in music and entertainment,” he said in a statement. “Currently, I am very focused on the tremendous investment that our record label has made in the gospel/inspirational genre of music and on our supremely talented roster of artists.”

So where does that leave Bey? We thinks it’s obvious. The hubby’s doing great things over at Roc Nation and a Bey-Z business union would only contribute to their unstoppable empire. 

Time will tell. For now read Matthew’s full statement below:

The decision for Beyoncé and Music World Entertainment to part was mutual. We did great things together, and I know that she will continue to conquer new territories in music and entertainment. Currently, I am very focused on the tremendous investment that our record label has made in the gospel/inspirational genre of music and on our supremely talented roster of artists, including Trin-i-tee 5:7, Brian Courtney Wilson, Juanita Bynum, Micah Stampley, Vanessa Bell Armstrong, Pastor Rudy and others. 

Music World will continue its partnership with Sony with Destiny’s Child and UK female group From Above, as well as management.  We will also continue to develop the Music World family of labels: Music World Country/Compadre, Music World Kids and Music World Music. In Music World’s repositioning it will not continue its label/management role with Columbia/Sony artist Tiffany Evans.

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.