Matthew Knowles Speaks Out On Backlash For His Garage Sale Of Beyonce Memorabilia

Mathew responds to rumors that he sold his daughter’s things because he needs some extra cash….

Last week, Beyonce’s father and former managerMathew Knowles caught a slew of criticism after he was found selling off old Beyonce and Destiny’s Child memorabilia, garage sale-style.

However, Daddy Matty later spoke out to say that despite the word on the street, the reasoning behind the sale had nothing to do with him needing money.

Click 2 Houston News: Beyoncé’s father, Mathew Knowles, was found selling some of the Grammy Award winner’s belongings outside his Midtown offices Tuesday.

“Somehow that became we are going out of business, homeless and selling all of Beyoncé’s stuff to stay alive, which as you can see it’s just the opposite,” he said.

Knowles gave Local 2 a tour of the Music World Entertainment Complex, which includes the House of Dereon Media Center, recording studios and Rice Mansion where pictures of his famous daughter line the wall.

Some speculated the garage was a result of him being strapped for cash.

“If I needed money, I wouldn’t sell $5 T-shirts,” Knowles said. “I’d sell a Grammy or an MTV award. So that is insulting to think we need to sell $5 T-shirts. No, I don’t think so.”

In fact, Knowles says business is good and he has big plans to expand the Music World Entertainment Complex in the next five years. He wants to turn the building that has been filled with all of this old merchandise into a new studio.

Knowles isn’t sure what he is going to do with the money he makes from the garage sale. He thinks it’ll make about $2,000. Knowles says he’ll just be glad when the space is cleared out.

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