Mathew Knowles is accused of stealing money from his superstar daughter Beyonce … and according to a new report from TMZ, this is the reason behind her letting him go as her manager earlier this year!

Beyonce’s father has now filed legal docs against Live Nation on allegations that the company told Beyonce that he had stolen money from her on her most recent tour or “otherwise taken fund that [he] was not entitled to.”

Once Live Nation allegedly revealed to Beyonce that her dad was stealing money from her … she promptly had her law firm conduct an audit that determined he had indeed pocketed some extra cash. She immediately fired him and hired a former Live Nation executive to fill his spot.

Mathew insists the theft accusations by Live Nation are false, and he wants the judge to give him the right to take depositions of various people at Live Nation, to determine just how they concluded he was a thief, TMZ reports.

Story developing…

Do you think Mathew Knowles stole from Beyonce?

(Take the poll below!)