The statement said: "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".
"He said, I think two or three years before, that he wants the team to be a success in the Premier League, and now we are". Prince William, who is the president of the FA, then concluded: "He will be missed by all fans of the sport and everyone lucky enough to have known him".
Nursara Suknamai, 33, died alongside her boss and the club's owner Vichai Srivaddhanaprabha in the incident, which also claimed the lives of colleague Kaveporn Pupare and pilots Eric Swaffer and Izabela Roza Lechowicz.
A book of condolence, which will be shared with the Srivaddhanaprabha family, will be opened at the stadium from 8am tomorrow for supporters to pay their respects.
Leicester City were unknown to many in the Southeast Asian country before their breakout 2016 season.
Leicester City's charismatic Thai chairman was the subject of growing concerns on Sunday after a helicopter belonging to the billionaire crashed and burst into flames in the stadium carpark shortly after taking off from the club's pitch.
Blackpool players will wear black armbands during Wednesday night's Carabao Cup game against Arsenal as a mark of respect to the owner of Leicester City who tragically died in a helicopter crash on Saturday.
Among those to do so today where frontman of Leicester-supporting ban Kasabian, Tom Meighan, the Foxes's first-team squad and Vichai Srivaddhanaprabha's son Aiyawatt and his wife Aimon.
Britain's Air Accident Investigations Branch said it had sent a team to examine the wreckage and had recovered the helicopter's flight data recorder. "I was really upset, I can't get to sleep over it", Mr Kanti Patel, a Leicester City fan, told AFP as emergency workers pored over the crash site."It means a lot to me, he did a lot for the club".
"Well you know where we were when he bought the club - we were absolutely nowhere".
Bouquets, flags and football shirts were left outside the ground by members of the public, alongside a large image of the Hindu god Ganesh which was propped up amidst the flowers.
Leicester, only two years after being promoted from England's second-tier league, was a 5,000-to-1 shot to win the Premier League at the start of the 2015-16 season.
Vichai has been praised for his charity work, donating 2 million pounds ($2.5 million) toward a new local children's hospital, and he often provided free beer and food for fans outside games.
The club added: "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 hard time".
The cause of the crash remains unclear.