In November 2016 Power agreed a deal to become owner and chairman of Irish club Waterford United. He said there were a number of reasons behind the deal, claiming that the facilities in Waterford were Premier League standard and better than Swindon's. Power also said he was attracted by the club's highly successful youth system. In addition, Power had family from Waterford, his Irish descent having enabled him to play for the Republic of Ireland at international level, so the deal was, in his words, "a no-brainer". He went on to appoint Pat Fenlon as director of football and Alan Reynolds as head coach for the 2017 season. He also changed the club's crest and changed the club's name back to its original identity of Waterford FC.