Waterford FC will fight the decision not to allow them to play in the Europa League this year all the way.
This is according to club chairman Lee Power, who today made a strongly worded statement after the club were denied access to UEFA Licensing.
St. Patrick's Athletic are expected to be handed the fourth Irish European spot and third in the Europa League.
In the statement, Power said: "Everyone at Waterford FC are deeply shocked and saddened at the news that we have been expelled from playing in the Europa League this season.
"We feel we have been totally misled by the FAI and were given assurances throughout this five-month process by them that the licence would be granted.
"We also had club visits by UEFA Delegates during this period of which no issues were raised.
St. Pat's up €240,000 as UEFA boot Waterford out of Europa League on technicality
"As a club, we entered into substantial commercial agreements and invested heavily again into the team and also budgeted for the qualification money due in November.
"This will now have a serious financial impact on the club going forward."
He continued to say that they will be looking for a full investigation into the FAI's handling of the issue, adding: "The circumstances to which this decision has been made and the events over the last week are unclear and dubious, bearing in mind representations made to us and assurances given.
"We will be asking for a full investigation into the FAI handling of this matter.
"I have instructed my UK Lawyers to lodge an immediate appeal with UEFA and will pursue any legal avenue we have with regards to compensation and/or any wrong doing against a number of parties.
"Finally, I must mention the people who matter the most – the supporters – who have supported this club through thick and thin and have been badly let down by the people in Ireland governing this process."
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