Beyonce's father admits he found it "incredibly painful" to cut their professional ties, but insists she did not fire him.
Matthew Knowles, 61, admits it was hard for him to let his 31-year-old daughter - whose career he managed during her rise to stardom as a teenager with Destiny's Child until 2011 - take complete control of her own life, but has hit back at reports she fired him.
He told the Sun On Sunday newspaper: "It was hard for me to let her go -- it was hard for both of us to let each other go. And let's be clear on that. She didn't let me go, we both let each other go. That's a big difference.
"This was not a normal ending of a business agreement. This was a dad and a daughter and it was incredibly painful and it had some difficulties."
Their personal relationship was said to have suffered as a result of ending their business contract and Beyonce, who has a 14-month-old daughter Blue Ivy with her rapper husband Jay-Z, recently hinted they are still in the process of rebuilding it.
She recently said: "It took a while for me and my dad to have an understanding. When I turned 18 and started handling my business more, he went into shock. And we had our issues. I'd say 'No' to something, and he'd book it anyway. Then I'd have to do it because I'd look bad [if I didn't].
"We would fight sometimes, and it took about two years, to when I was 20, for him to realise, 'Oh, she is an adult now, and if she doesn't wanna do something, I can't make her do it.'"
In her recent HBO documentary 'Life Is But A Dream', the 'Bow Down' singer also claimed she rarely got to make her own decisions while working with her father and said: "Every time he pushed me, I got stronger."
When asked if she got her dad back after relieving him as her manager, she responded: "No, I had to sacrifice my relationship with dad. I had to let go."