After a whirlwind 16 months in charge at Barnet, former Champions League winner Davids resigned by mutual agreement after Saturday's 2-1 loss away to Chester.
His arrival at the club shocked the football world, and the iconic Dutchman sparked new life into Barnet immediately, opening with a 4-0 win over Northampton Town.
Although he achieved a more than credible 48 points from 34 games, this was not enough to save the Bees from a return to non-league football as they claimed the unwanted record of going down with the highest points tally.
Despite this bitter blow, us Barnet fans were unanimous in what we wanted: Davids to stay on, feeling this would be our best bet of returned to League Two at the first attempt.
This season, though, has been rather disappointing and anti climatic.
Having retained most of our star players, such as David Stephens and Keanu Marsh-Brown, and added to the squad, The Bees are someway off the summit; with a play-off place now being our best chance of promotion, with us lying three points, and five places, off fifth place.
After the defeat against Chester, it was evident something had to change. It was fun while it lasted under Davids and it is a time that every Barnet fan will be recounting for years to come. However, it was just not to be, and we will be searching for our 11th permanent manager since the turn of the millennium.
It is the most successful manager of that period, Fairclough, who will be steadying the ship for the foreseeable future.
The 63-year-old, who has been Barnet's Director of Football in the last few years, will enter his fourth stint in the side's dugout - and this is his third spell as a caretaker.
While I would have preferred to go for a fresh option, putting Fairclough in charge for the immediate future is a sensible short-term solution.
During his first spell at the club, between 2004-08, he navigated The Bees out of this very division in his first full season. Added to this, there are few men more knowledgeable in the game than the Liverpudlian when it comes to non-league - a fact heightened by him being the England C manager; a role he has occupied for the past 11 years.
His introduction may see him bring the best out of certain players and restore the confidence of those who have lacked it recently, namely Anthony Acheampong and Harry Crawford - two of Fairclough's acquisitions.
Alongside Dutch coaches Ulrich Landvreugd and Dick Schreuder, they will provide stability and continuity at the club; while this will allow Tony Kleanthous to take the necessary time to find the best long-term option for the club, knowing that we will be in safe hands under Fairclough.
As the former Stevenage manager will only be in this role until a permanent boss is appointed, there have been a few names cast about in contention for the role.
Martin Allen is the name on many fan's lips as whom they would like to see become the new manager. Having managed Barnet three times previously, it is a well-known fact that Allen wants to return to Barnet - and many fans would love to see him come back.
He is undoubtedly the best short-term option and, while some will have doubts over his loyalty after past defections, he is the ideal man to revitalise the club.
On the other hand, my ideal choice for the job would be Mikey Harris. The 29-year-old has excelled in his first managerial role at Salisbury City, guiding the side to 9th in the table despite their minuscule budget.
He has done this playing an attractive, passing style of football, while he is a renowned man-manager who has established fantastic relationships with his players. While he may not be the best man to start a revival straight away, there are not many better candidates who have the potential to do a greater long-term job.
However, this is all speculation, and in the meantime, we need to get behind Fairclough as he aims to gain valuable points on the board to help steer the new manager towards the main objective: a return to the Football League