Having voiced major concerns about levels of support for the Super League Giants, Mr Davy today stressed Town cannot afford attendances to drop off either in Division III.
Owner of both clubs and major player at the McAlpine, Mr Davy is keen to note bigger gate figures when the Giants face Warrington at home tomorrow (8.00) and Town tackle Northampton at the stadium on Saturday (3.00).
"The reality is that Town's support has dropped 20% from the first League game to the third so let's not kid ourselves, the rescue of the club is far from done," said Mr Davy today.
"Over these next two years it is critically important that the supporters and the community give us the time and the encouragement to get back on our feet.
"If support keeps falling off because we have one or two indifferent results then, quite frankly, it makes the whole thing incredibly difficult - as if it wasn't difficult enough."
Town's opening-day crowd against Cambridge was 10,319. Twelve days ago against Bristol Rovers they attracted 8,486, although they remain the second best supported club in the division behind Hull City.
Crowds of fewer than 4,000 are already threatening the future of the Giants as a Super League club despite their best-ever season in the re-vamped competition.
"The objective I have set is for the Giants to be successful in Super League and for Town to become a top-30 club again," explained Mr Davy.
"Those are not the kind of objectives someone can achieve on their own and, for those targets to be realised, we need two things - time and support.
"To bring sporting pride and success back to Huddersfield and Kirklees involves everyone in the community as far as I see it.
"This is not a one-man show, it needs a community effort."
Mr Davy said Town fans could make an immediate impact.
"If supporters of the football club could come down in numbers tomorrow night and support the Giants, it would be exactly the sort of response we need," he said.