Vaughan admitted that, after prolonged negotiations, it's good to see things resolved.
"It's a big relief for us as a club, but also for our supporters, Commercial partners and all other clubs. It's the highlight of the year for a lot of our supporters, to go overseas and see the team in some great Rugby strongholds and I'm delighted that will still be in place.
"Everybody can just get on with it now, knowing that fundamentally, we still have the cream of Northern hemisphere Rugby in the same competition and with terms that I feel are much fairer for all concerned.
"Conversations have been going on for a long time and we have always been asking for more meritocracy, a fairer representation with the governing structure and the correct distribution of revenues."
"Now is not the time for gloating and it's taken a lot of hard work and willingness to compromise on all sides, but with the new decisions and proposed set up, it's a good day for the club game in England and it has worked out in line with how we wanted it to."
With the decision came the news that qualification for the top table of European club rugby next season was still in Gloucester's reach via the route of a play-off as a result of finishing seventh in the Aviva Premiership.
This would then lead to a play-off with the respective seventh place club in France's Top14, a target that Vaughan is well aware of and the club is focused on.
"Seventh is all we are thinking about right now. There has been a lot of talk about next season but we still have enough to go at this year and we have some difficult games coming up and as long as we are in the hunt for seventh that is our focus."
With regard to the new body that will oversee and legislate over the new competition, with European Professional Club Rugby (EPCR) formed in Switzerland, Vaughan is happy with the outcome:
"From our point of view, we have strong relationships both with Premiership Rugby as well as the RFU and in Europe. So, as a club we are very happy with how we have been represented in the process and credit should go to Mark McCafferty and Bruce Craig for driving this for the clubs. Ian Ritchie at the RFU was also instrumental in getting the decision makers around the table and forcing the issue and that made a difference.
The new 8-year deal provides security and with the television rights to the competition having been announced to be shared by both BSkyB and BT Sport, Vaughan is pleased with the security it brings at an exciting time,
"It's good to talk and the particular TV companies have done exactly that and struck the right deal in sharing the rights. These are significant deals and very important to all the clubs involved.
"The long term agreement brings great stability, and with the amount of money involved negotiations were always going to be tough. But, for the good of the game, it's been concluded and I'm really pleased with where we have got to".
With a clearer idea as to what is happening going forward, Vaughan is happy that it now gives the club chance to plan for the future, and supporters now have an idea about what is on offer and impact it will bring with the introduction of club membership for the 2014/15 season.
"It will be called club membership next year, and it really highlights where we see our supporters going forward and want to reward that loyalty going forward, whether it be a box holder, a sponsor or a season ticket holder sitting in the stands or standing in The Shed.
"Club memberships have been snapped up at a rapid rate and the signings we have made plus the no interest direct debit options we have put in place seem to have captured the imagination and our loyal support is right behind us again".
"This is off the back of what we can accept hasn't been a vintage season but it proves that the supporters believe in what we want to do and where we want to take the club."
"With the Rugby World Cup around the corner, we recently released details of how supporters can put themselves in the ballot to get tickets for the Rugby World Cup games.
"Obviously we have four games here at Kingsholm, but members can apply for a total of four at any game before the general sale in September. It's another incentive for supporters to become a club member and the benefits that that can bring.