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Mathew Knowles is still Beyonce’s sole manager.

Beyonce Drops Her Father As Manager, Jay-Z To Step In [RUMOR]

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.”

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Mathew Knowles, You ARE The Father!