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Published 13:09 16 Apr 2018 BST
Updated 13:18 16 Apr 2018 BST
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"The decision itself was probably the decision that had to be made given the public pressure that was mounting and also the sponsorship issue," Wallace told RTE Radio.
"There is a sense from the fans that they have been left in the dark a bit."Quite a vague statement has come out and, just gauging the temperature of the Supporters Clubs, they feel they need a bit more information as to how they came to that decision. "I have my own views on that but someone in Ulster Rugby has to come out and make that very clear." Wallace added that he feels that the 'vast majority' of Ulster supporters feel disappointed by the club's decision and that the fans feel as if the players contracts were revoked based on the Whatsapp messages they had sent to each other after Jackson's party.
"That is why they are moving on, they didn't meet the code of conduct Irish and Ulster players are held to.
The Ulster Rugby Supporters Club released a statement on their website after the decision and explained to their members that they would consider the views of their members before issuing an official response.
"Previously URSC (Ulster Rugby Supporters Club) had said it respected the judicial outcome and the review process.
"Subsequently URSC asked that the review outcome be proportionate and in line with precedence.
"URSC will now examine the review outcome, and taking account of its members' views, will provide its considered response in due course.
"We would encourage as many members as possible to respond [to the questionnaire], to help the committee accurately reflect the feelings of URSC members and act accordingly."
A petition to have both players reinstated by Ulster Rugby gained more than 18,000 signatures on change.org.
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