EXCLUSIVE: Mathew Knowles – Music Festival Accuses Beyonce’s Dad of Screwing Them out of $65k over Super Bowl Event
The Dirty can exclusively reveal Mathew Knowles is accused of screwing over a music company on Super Bowl weekend …. and now they have hit Beyonce’s father with a lawsuit …. accusing him of refusing to pay up on a settlement deal he signed only months ago.
Fun Fest Entertainment filed suit against Mathew Knowles and his Music World Properties. The company is comprised of entrepreneurs that partnered to take advantage of the fact the Super Bowl was taking place in Houston, Texas this year.
They planned on producing a music festival that would take place over the course of February 2nd – 6th. The festival would feature A-list musical performers and attract guests numbering in the thousands. They chose a venue owned by Knowles for it’s ability to handle the logistics of the event … but also due to its proximity of the other Super Bowl events … and they admit they also choose it due to Knowles name recognition in the music industry.
A lease contract was negotiated in April 2016. However, they say Knowles then entered into a deal with another company to rent out the venue. They originally sued Knowles back in October seeking an injunction that would prohibit him from renting out the venue to anyone else.
A settlement was reached between Knowles and Fun Fest Entertainment … with the company explaining due to the Super Bowl approaching it was time sensitive.
The deal stated Knowles would pay $16,500 within 3 days of the deal, an additional $23,500 within 14 days and $25k before February 10th. However, they accuse him of breaching their deal and not paying a dime.
The company is demanding the entire amount due per their settlement … to the tune of $65,000.