The 63-year-old tells ET that there's no love lost between him and his famous daughter.
Looks like Beyoncé and her father, Mathew Knowles, aren't fighting over any "bills, bills, bills" after all.
On Friday, In Touch Weekly reported that the 34-year-old singer was planning to take Knowles -- her father and former manager -- to court over ownership of the Destiny's Child brand, but Knowles' rep tells ET exclusively that the allegations are "categorically untrue."
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"These dangerous rumors defame my family name," Knowles said in the statement to ET on Saturday. "They have no validity and hold no merit."
"There are many other important topics needing America's attention," he added. "No one needs more unnecessary negativity. Media like this needs to get on higher ground. I, for one, am focusing on lectures and seminars that help people achieve something positive and achieve better lives."
The original allegations claimed that Beyoncé felt like her dad had "stole the group and the [trademark] on Destiny's Child," which also included members Kelly Rowland and Michelle Williams. The site also claimed that Knowles, 63, won't let the trio perform under the name unless he gets paid. According to Billboard, Knowles still owns the rights to the girl group's name and music.
The lectures Knowles -- who is the founder, president and CEO of Music World Entertainment -- referred to in his statement are seminars called The Entertainment Industry: How Do I Get In? The boot camps are geared towards "aspiring and currently working musicians, dancers, singers, actors, directors, producers, agents and stage parents" and focus on the creative and business aspects of the entertainment world from industry experts. His rep tells ET that in addition to these continued seminars, he has plans to work with a new female rap group, Blushhh, in 2016.
WATCH: Beyonce Dresses Up as a Christmas Tree
Earlier this week, Queen Bey made headlines when she stepped out in New York City, dressed in a Christmas tree ensemble that included a Santa Claus hat, lights, sunglasses, ornaments and an oversized bow, for an office party.
An insider told ET that the "Flawless" singer was there from 2 p.m. until 11 p.m., and gave out Jay Z's D'USSE VSOP cognac, which is priced at about $55 a bottle, as gifts. Watch the video below to hear more.