League of Ireland First Division. The board in the off season then appointed Paul as full-time manager on a year contract for the 2012 season. Paul O'Briens side fell narrowly short of promotion, they defeated champions Limerick four times in four games but still finished 4 points behind them. This meant the playoffs once again for Waterford. In the first section of the playoffs Waterford beat 3rd placed Longford Town 3–1 on aggregate. This set up a tie with Dundalk of the League of Ireland Premier Division. The first leg ended in a 2–2 draw in Oriel Park but Waterford were defeated 2–0 in the second leg at the RSC and would once again remain in the First Division. The Blues were favourites to lift the Title in 2013 but during the season O'Brien resigned due to poor form. Waterford finished in 4th, missing out on the playoffs. During the 2013 season former manager Stephen Henderson was seeking compensation from his previous contract, Henderson claimed he was sacked despite the club claiming he resigned, the club's supporters were forced to step in and raise the money Henderson was owed before the club could be wound up. Tommy Griffin was appointed manager for the 2014 season. The club encountered financial difficulties once again, this led to the club slipping down the table to a 7th-place finish. After a disappointing start to 2015 Griffin stepped aside into a new role in the club and Roddy Collins was appointed as manager on a two-and-a-half-year deal. Collins side finished 7th in his first season. In the 2016 season, Collins signed a lot of players he worked with before such as Philip Gorman, James O'Brien and his son, Roddy Collins Jr, and many others. With two games left in the 2016 season and Waterford in 6th it was announced Roddy Collins would leave the club. Takeover and back to original name After the suffering many years both on and off the pitch, the Club needed a big shake up from top to bottom. After weeks of speculation on social media the Club officially announced that Swindon Town chairman Lee Power had assumed control. Shortly after taking control, he outlined his plan to rebrand the Club from top to bottom, removing 'United' from the Club's name, going back to the original name of Waterford FC. He also wished to change the Club's crest and jersey to