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July 16, 2011

Matthew Knowles Blasts Beyonce’s New Management Team And Says He No Longer Speaks To His Daughter

Mathew Knowles, recently filed a lawsuit against Live Nation claiming that they falsely accused him of stealing money from his daughter, Beyonce, which made her terminate him as her manager.

According to court documents, Matthew claims the change in management happened after Live Nation tried to acquire the rights to Beyonce’s 2011 World Tour. They were unsuccessful in acquiring the rights so, Live Nation convinced Beyonce that Mathew was stealing her money and she decided to hire a law firm to complete an

After the audit was completed, Beyonce fired her father and hasn’t spoken to him since ending their business relationship. The court documents also show that Live Nation's executive, Faisel Duranni, is named as President of Beyonce’s management company; he is also the man responsible for orchestrating several deals with Jay-Z’s tours in the past.

And on top of all of that drama, Matthew is also claiming that Live Nation, Roc Nation and Beyonce’s label, Columbia Records, have been making negative comments about him.

Check out a few excerpts from his interview with the Associate Press below:
On the Accusations that himself and his company was stealing money from Beyonce:
“We absolutely have not taken any money from Beyonce, and all dollars will be accounted for. In no way have we stolen money. Again, this is about the people who have made these claims — they have to come into the light. The relationship with Beyonce is extremely amicable. I want to make that clear. Where there’s concern is the people that she’s doing business with,” he said. “I’m challenging all of these folks on integrity, professional integrity.”

On Beyonce hiring a new team:
“She changed almost every aspect of her business. The team ironically appeared to be a cross-pollination of Beyonce’s team, Roc Nation’s team and Live Nation’s team, who ironically have the most to gain. “I’ll let people come to their own conclusions.”

On speaking to his daughter since being terminated as her manager:
“We have not had that conversation. The only way we will be able to understand this is through a court of law. That’s the only way either one of us will be clear if someone in our camps did something that was not correct.”

On Beyonce’s Album ’4? Not Having Massive Hits Like Her Previous Records

“They put out the record in a vacuum,” he said, adding that her success came despite setbacks. “It makes you believe that there are some artists that don’t need radio. There are some records that don’t need a record label, and Beyonce is one of those artists.
Let us call a spade a spade here...Matthew built Beyonce and nobody will ever manage her the way that he did...end of!!!

Beyonce has made over 200 million dollars and I doubt her father was stealing money from her; Afterall he was getting 15/20% of her income, so why would he have to steal from her with that much percentage?
I said it before and I will say it again...I think the real reason Beyonce fired her father was because he cheated on her mother and had a baby with his side kick, which ultimately led to the break down of her parents' marriage.

While I can understand that Beyonce's loyalties may lie more with her mother and that her father should have stayed faithful to his wife or (if we are being realistic that almost all men cheat) "put a rubber on the end of it", the glaring truth is that, when it came to making sure that Beyonce’s Brand was organized and on point, Matthew was the best man for the job. Beyonce should have been professional and not allowed herself to be caught in the middle of her parents' spat; She definitely should never have chosen one parent over the other, especially where it concerns her career. Or didn't she see the way Usher's career almost flopped after he sacked his mother as manager cos of that his mumu were ex? Immediately he made up with his mum and re-employed her as his manager after his ex left, his career rose again and even became stronger than it previously was.

Beyonce, go and make peace with your father and bring him back to manage your career. I don talk my own finish oh. A word is enough for the smart!!!

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