Leicester “will be back” after their relegation from the Premier League, says Aiyawatt Srivaddhanaprabha, who revealed he has had “offensive” messages asking him to sell the club.
His family have owned the Foxes since 2010, with Aiyawatt taking charge in 2018 after the death of father Vichai.
In that time, they have been promoted, won the Premier League and FA Cup.
“Relegation is undeniably a significant setback, but it will not define us,” the chairman said in a statement.
The Foxes’ relegation back to the Championship, under boss Dean Smith, was confirmed on the final day of the season despite a 2-1 win over West Ham.
“Today we share the loss and the pain of relegation together,” Srivaddhanaprabha continued. “But we will be back.
“We achieved things and share experiences together that nobody will ever forget. We completed an ascent nobody thought was possible – from relegation favourites to Premier League champions and one of the greatest sporting stories ever told.”
Several of Leicester’s key players, including Youri Tielemans, Jonny Evans and Caglar Soyuncu – plus manager Smith, who replaced the sacked Brendan Rodgers with eight games left – are out of contract, meaning major changes are likely this summer.