Srivaddhanaprabha was picked up from the pitch at around 8.30pm on Saturday evening following Leicester’s 1-1 draw with West Ham.
His helicopter spiralled out of control shortly after and crashed into the car park outside of the ground before bursting in to flames.
And Leicester have released a statement confirming he died along with four more people.
The club did not confirm the names of the other passengers but Leicestershire Police have revealed they were Srivaddhanaprabha’s staff members Nursara Suknamai and Kaveporn Punpare, pilot Eric Swaffer and passenger Izabela Roza Lechowicz.
Leicester’s statement read: “It is with the deepest regret and a collective broken heart that we confirm our Chairman, Vichai Srivaddhanaprabha, was among those to have tragically lost their lives on Saturday evening when a helicopter carrying him and four other people crashed outside King Power Stadium.
“None of the five people on-board survived.
“The primary thoughts of everyone at the Club are with the Srivaddhanaprabha family and the families of all those on-board at this time of unspeakable loss.
“In Khun Vichai, the world has lost a great man.
Vichai Srivaddhanaprabha has been killed in a helicopter crash outside of the King Power Stadium (Image: PA/GETTY/REUTERS)
Leicester described Srivaddhanaprabha as a great man in a statement (Image: GETTY)
“A man of kindness, of generosity and a man whose life was defined by the love he devoted to his family and those he so successfully led.
“Leicester City was a family under his leadership.
“It is as a family that we will grieve his passing and maintain the pursuit of a vision for the Club that is now his legacy.
“A book of condolence, which will be shared with the Srivaddhanaprabha family, will be opened at King Power Stadium from 8am on Tuesday 30 October for supporters wishing to pay their respects.
Srivaddhanaprabha’s helicopter burst into flames in the King Power Stadium car park (Image: GETTY)
“Supporters unable to visit King Power Stadium that wish to leave a message can do so through an online book of condolence, which will be made available via lcfc.com in due course.
“Both Tuesday’s First-Team fixture against Southampton in the EFL Cup and the Development Squad fixture against Feyenoord in the Premier League International Cup have been postponed.
“Everyone at the Club has been truly touched by the remarkable response of the football family, whose thoughtful messages of support and solidarity have been deeply appreciated at this difficult time.”
Emergency services rushed to the scene but were unable to save anyone on board (Image: GETTY)
Srivaddhanaprabha took over the club in 2010 and helped guide them to promotion to the Premier League in 2014.
After avoiding relegation in their first season back in the top flight in 2014-15, they shocked the world by lifting the Premier League crown against the odds in the next.
In 2016-17, they embarked on an historic first-ever Champions League campaign, where the Foxes punched above their weight once again as they reached the quarter-final of Europe’s top competition.
They have since gone on too become an established top-flight club.
Leicester won the Premier League under Srivaddhanaprabha’s guidance in 2015-16 (Image: GETTY)
And tributes have poured in from all around the football world in recognition of the work he had done at Leicester.
Foxes striker Jamie Vardy, who was top scorer in their Premier League title-winning campaign, posted a touching tribute on his Instagram account alongside a picture of himself with Srivaddhanaprabha.
The distraught star said: “Struggling to find the right words….but to me you are legend, an incredible man who had the biggest heart, the soul of Leicester City Football Club.
“Thank you for everything you did for me, my family and our club. I will truly miss you…. may you rest in peace…#theboss
Left-Back Ben Chilwell has come through the youth ranks during Srivaddhanaprabha’s tenure and is now a key part of the first team.
And he said: “I can’t believe it, I am heartbroken to hear that no one survived the crash yesterday.
“Vichah was one of the best people you could wish to meet, making you happy made him happy, he was away smiling and laughing.
“What he did not just this football club but for Leicester as a city is incredible.
“he has brought us all together. So now we must stay together as a city and achieve what he knew we could.”
Devastated and heartbroken at the news that no one survived the helicopter crash yesterday ������ Life isn’t fair sometimes. A wonderful thoughtful man who lived and breathed Leicester City Football Club. Rest in Peace Boss ������ #ThanksBoss pic.twitter.com/vJmksNjFf5
— James Maddison (@Madders10) October 28, 2018
James Maddison was signed in the summer by Srivaddhanaprabha.
He said: “Devastated and heartbroken at the news that no one survived the helicopter crash yesterday
“Life isn’t fair sometimes. A wonderful thoughtful man who lived and breathed Leicester City Football Club. Rest in Peace Boss.”