The plane turned into a ball of fire after it crashed into the club's car park after a Premier League game of Leicester City.
Officials from the club and the Kingfeuer International Company, a free-market giant owned by Vivai, declined to comment on whether Leicester's owner was on board when he was out of control and crashed a few meters from the field about an hour later.
Witnesses said the helicopter overtook the stadium before turning around. Then it fell to the ground and turned into tongues of flame.
Vickay Srivadhanapraba is very popular with the fans after buying the undercover club, Leicester City, in 2010 before going on to miss the world of football and win the league title in 2016.
According to Forbes, Vekay is the fifth richest person in Thailand with a fortune of $ 4.9 billion.
After pumping millions into the club, Vicky helped Leicester return to the Premier League in 2014 before surprising the world by beating giant teams such as Manchester United, Liverpool and Chelsea to become England champions.
The self-employed entrepreneur, Vekai, founded Thailand's giant free power giant King Power in 1989.
Free-market businesses received a boost in 2006 when Vicki monopolized the airport under the then Prime Minister Thaksin Shinawatra's government, and the company continued to flourish even after Thaksin's overthrow in a coup that year.