Beyonce Knowles Dumps Her Dad As Manager

Beyonce Knowles has confirmed that she will no longer be managed by her father, Mathew Knowles.

The Grammy-winning singer and her dad have parted ways "on a business level," and she released the following statement on the split:

"I am grateful for everything he has taught me. I grew up watching both he and my mother manage and own their own businesses. They were hard-working entrepreneurs and I will continue to follow in their footsteps."

Mathew Knowles has managed his daughter's career since the late 1990s, and he said in a separate statement to the Associated Press that the decision was mutual. It's still not clear what caused the two to end their professional relationship -- hopefully this doesn't affect their family life!