Chilling CCTV footage of the incident has emerged, which captures the point at which the chopper comes down.
Mr Srivaddhanaprabha’s helicopter crashed in a car park outside the King Power Stadium at around 8.30pm on Saturday.
Leicester had just played out a 1-1 draw with West Ham in the Premier League.
Mr Srivaddhanaprabha and four other people – including the pilot – are known to have died in the crash.
Tributes have been laid at Leicester’s King Power Stadium over the past two days to commemorate the five people who died.
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Mr Srivaddhanaprabha bought Leicester City in 2010 and oversaw their promotion to the Premier League.
He then funded a remarkable 2015/16 title charge that saw Leicester upset odds of 5000/1 to win the Premier League for a first time in their history.
Leicester played in the Champions League the following season and Mr Srivaddhanaprabha’s ambition was to get the club into the top four on a regular basis.
The Foxes’ EFL Cup game with Southampton on Tuesday night has been postponed.
Goalkeeper Kasper Schmeichel, part of the 2016 title-winning team, issued a statement on the Leicester helicopter crash today.
“Dear Mr Chairman. I cannot believe this is happening. I am so totally devastated and heartbroken,” he wrote.
“I just cannot believe what I saw last night. It just doesn’t seem real.
“It is difficult to put into words how much you meant to this football club and to the city of Leicester. Never have I ever come across a man like you. So hard working, so passionate, so kind and so generous in the extreme.
“You changed football. Forever! You gave hope to everyone that the impossible was possible. You literally made my dreams come true.
“We now have a responsibility as a club, as players and fans to honour you. From knowing you we do this by being the family you created.”
Leicester also tweeted pictures of the wreath laying ceremony today.