The father and manager of Destiny's Child beauty Beyonce Knowles has sold his music management company to a British-based music group for $10 million (GBP6 million).

Mathew Knowles made the deal with London's Sanctuary music group and will take the role of president of their urban and gospel division, working in Houston, Texas.

Knowles is credited as the svengali behind the BOOTYLICIOUS trio, and has helped the CRAZY IN LOVE star launch a successful solo career.

03/10/2003 13:48