Mathew Knowles Releases Statement / by

News broke yesterday of Beyonce and Mathew Knowles parting ways. He's no longer her manager but will still be involved with Destiny's Child, focus on it's gospel artists, and no longer represent struggling artist Tiffany Evans. Peep his statement below..

The decision for Beyoncé and Music World Entertainment to part was mutual. We did great things together, and I know that she will continue to conquer new territories in music and entertainment. Currently, I am very focused on the tremendous investment that our record label has made in the gospel/inspirational genre of music and on our supremely talented roster of artists, including Trin-i-tee 5:7, Brian Courtney Wilson, Juanita Bynum, Micah Stampley, Vanessa Bell Armstrong, Pastor Rudy and others.

Music World will continue its partnership with Sony with Destiny’s Child and UK female group From Above, as well as management. We will also continue to develop the Music World family of labels: Music World Country/Compadre, Music World Kids and Music World Music. In Music World’s repositioning it will not continue its label/management role with Columbia/Sony artist Tiffany Evans.

Business is business and family is family. I love my daughter and am very proud of who she is and all that she has achieved. I look forward to her continued great success.

All is well that ends well. But poor Tiffany Evans. I'm sure all that time while he was her manager she probably just believed that she was going to be the next Beyonce. Think again!! The way Destiny's Child was thrown out there makes me believe that a reunion is definitely gonna happen. Maybe not anytime soon, but it will happen. So be ready.