Wells hinted that the IFA would be taking legal advice before further pursuing the matter.
The agreement between the IFA and Linfield, signed in 1984, stretches for another 80 years.
BBC: SPORT | Football | Irish | Linfield blast IFA over Windsor
Hamilton said he believed that the IFA should have been prepared to match Nicholl's demands.
BBC: SPORT | Football | Internationals | Northern Ireland | Hamilton baffled by appointment
The new Galaxy Tab 7.7 was pulled out of the IFA electronics fair in Berlin.
Mr Wells, who is English, was chief executive of the IFA from November 2004 until last year.
The rule was first introduced by the IFA more than 60 years ago.
BBC: NEWS | UK | Northern Ireland | Sunday soccer ban stays in place
Stormont Sports Minister Nelson McCausland said on Monday that it was "important that government has confidence in the IFA".
"I will need to see issues addressed if the IFA is to benefit from continued public funding, " added the minister.
However, at the last meeting of the IFA council in December, Kennedy refused to divulge figures, citing a confidentiality clause.
"Things like this, that have seen money paid out, have affected the IFA before and we have moved on, " added Kennedy.
The IFA had expected Fifa to back its argument that players born in the north should turn out for Northern Ireland.
BERLIN--(BUSINESS WIRE)--TomTom today releases the latest version of its real-time traffic information service, TomTom HD Traffic at the IFA consumer electronics show.
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World Cup hero Hamilton said he couldn't understand why the IFA hadn't sounded out Nicholl's terms before offering him a final interview.
BBC: SPORT | Football | Internationals | Northern Ireland | Hamilton baffled by appointment
Back in November 2007, the FAI accepted a FIFA proposal that the rule should work both ways, but the IFA rejected the suggestion.
But maybe the IFA should get a lawyer and a genealogist on the job of increasing the number of players he can pick.
It is understood that the decision means the IFA is the only national association within UEFA to still maintain a Sunday playing ban.
BBC: NEWS | UK | Northern Ireland | Sunday soccer ban stays in place
It also confirmed that as a teenage schoolboy, Mr Bryson had secured a few weeks of work experience with the IFA in 2005.
BBC: Ulster People's Forum drops Willie Frazer as its spokesman
Burrows started the goalscoring on 11 minutes with a six-yard finish and Murphy's header (15) put the IFA Championship ahead over the two legs.
In practice there is a strong incentive for the IFA to recommend the product that pays the highest commission, which ultimately comes from the customer.
The independent review aims to examine the IFA structure and governance.
BBC: Sports Minister Nelson McCausland backs IFA review plan
The Korea-based electronics giant announced an international version of the tablet, which is called Galaxy Tab, on Sept. 2 at the IFA tradeshow in Berlin.
FORBES: Samsung Launching Tablet With All Four Major U.S. Carriers
The IFA was convinced that Fifa had ruled in its favour only for the Republic's governing body to claim exactly the opposite later on Saturday evening.
The IFA president is already on record as saying that he ignored the advice of the association's solicitors when he took the decision to sack Wells.
However, the IFA has cancelled the press conference rather than facing the prospect of the association's president being forced to field a barrage of awkward questions about his future.
Kennedy also insisted that he has played a key role in bringing considerable sums of cash into the IFA's coffers, which includes two lucrative friendlies in the next 12 months.
According to prosecutors, Blagojevich told Harris that the IFA would only assist in the sale if the Chicago Tribune fired its editorial board, which had been critical of the governor.
The Envy X2, which was first demonstrated at the IFA tech show in Berlin that I attended last week, will be available by the holidays at an as-yet unknown price.
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The IFA's logic was that there would not be a queue of, say, Cork or Dublin born players eager to play for Northern Ireland, so the idea was not worth pursuing.
"Samsung respects the court's decision... and therefore decided not to display any more the Galaxy Tab 7.7 in the IFA, " the company said in a statement, according to AFP news agency.
"Significant payouts to former employees have diverted resources from those who play and support football at all levels and as a result has eroded public confidence in the IFA, " said Mr McCausland.
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