Matthew Knowles denies reports that he stole money from Beyonce

Singer's father says singer has been lied to by concert promoter Live Nation

Beyonce‘s father and former manager Matthew Knowles has denied allegations that he stole money from her.

According to TMZ, Knowles has accused concert promoter Live Nation, which puts on Download and Wireless festivals amongst other events, of feeding his daughter lies and telling her that he had been taking money he was not entitled to.

Knowles‘ version of events suggest that Beyonce fired him as her manager after employing a law firm to conduct an audit of her finances, which concluded that he had stolen from her. He also alleges that this audit only happened after suggestions from Live Nation. The singer has since hired a new manager, who is a former employee of the music promotion giants.

Knowles firmly denies the allegations and has indicated that he wishes to take legal action against various employees of Live Nation.

Beyonce, who played a well received set at T In The Park this weekend, has not commented on the reports as yet.