Beyoncé announced yesterday that she is dropping her father, Mathew Knowles, as her manager. According to a statement from her publicist, the singer and her father have severed ties "on a business level." Knowles has managed his daughter's career since she started out in Destiny's Child in the late Nineties. Beyoncé  did not provide a reason for firing her management of over a decade, but insisted that she loves her father in the statement.

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There is no word yet as to who will replace Knowles as Beyoncé's manager, but there are rumors that she will move on to her husband's Jay-Z's Roc Nation management firm. Mathew Knowles will continue to manage the career of his other daughter Solange, who is expected to release a new album later this year.

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