Controversy over Beyonce’s unforeseen firing of father, Matthew Knowles, has been a constantly developing story. According to TMZ, Knowles was relieved of his position after Beyonce discovered he was stealing money from her.

However, Knowles is prepared to defend his name and reputation to the fullest. Documents recently obtained by TMZ, show Knowles insisting that Live Nation Entertainment wanted nothing more than to “sink its fangs into Beyonce’s 2011 world tour.” The documents go on to say that Live Nation falsified information in telling his daughter that he “had stolen money from Beyonce on her most recent tour or otherwise taken funds that [he] was not entitled to.” Acting on the information received from Live Nation, Beyonce requested her law firm to conduct an audit and sure enough they confirmed that Knowles had pilfered money from her. In light of the news, Beyonce then fired her dad.

Knowles is unwavering in his claim of innocence. He has been persistent and quite vocal that the theft accusations by Live Nation are completely false. The ex-manager is now petitioning a judge for the right to take depositions of several individuals employed at Live Nation to determine how they concluded he was swindling funds.

While Beyonce was not available to comment on this recent development, she did touch on the issue in her just-aired documentary, ‘The Year of 4’. She spoke of the split between her and papa Knowles but only revealed that it was time for a change.

“I’ve been managed by my father for a long time and a real change meant separating from him. It was scary but it empowered me and I wasn’t going to let fear stop me. It was very risky for me to step out on my own. Being a young woman I want to set the example that it’s possible for us to own our own businesses and own our own record labels. Sometimes we don’t reach for the stars, sometimes we are satisfied with what people tell us that we’re supposed to be satisfied with and I’m just not going for it,” she stated.

Who can she trust? Did Live Nation Entertainment only want to tear up a happy home or was Matthew Knowles up to some shady activity? Either way, it appears that this issue will get a lot worse before it gets better.