Filed under: Celebrity Finances
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."