Mathew Knowles is still Beyonce’s sole manager.
Yesterday, reports surfaced that after months of drifting apart (due to his fathering a child outside of his marriage to Tina), Beyonce and her father Mathew had finally parted ways professionally.
It was also stated that Mathew would be replaced by hubby Jay-Z.
However, Music World Entertainment has come forward and issued an official press release.
In a statement forwarded by Mark Young on behalf of the label,
“Contrary to false rumors online, Beyoncé and her manager Mathew Knowles unequivocally have had and continue to have a close personal and business relationship. Mathew Knowles is the sole and exclusive manager of Beyoncé.”