The "5000-1" walk is aimed at paying tribute to those, as well as recognizing the stunning odds which the club overcame under Srivaddhanaprabha's leadership to claim the Premier League title in 2016.
Thai billionaire Vichai Srivaddhanaprabha was killed when his helicopter crashed October 27 in a parking lot next to the English Premier League club's stadium.
Leicester players have led thousands of fans on a walk from the centre of the city to the club's stadium as soccer returned home for the first time since the death of the owner who oversaw the team's transformation into improbable English Premier League champions.
The 20-year-old Argentine had given away two penalties as Tottenham almost threw away a three-goal lead in last weekend's 3-2 win at Wolves.
Manager Claude Puel wrote: "He (Vichai) may not be here in person today but he will be here in spirit and we will carry his essence in our hearts".
Vichai was among five people killed when the helicopter plunged to the ground in a vehicle park just outside the stadium following Leicester's match against West Ham on October 27.
Two minutes of silence honoured the five crash victims and also marked the centenary since the end of World War I.
Huddersfield played arguably its best half of the season in the first period, twice hitting the goal frame, and will be disappointed not to have clinched back-to-back Premier League wins after beating Fulham 1-0 on Monday.
They will switch shirts for the second half to jerseys which will feature an embroidered poppy in honour of Remembrance Sunday.
A number of players, including Jamie Vardy and Kasper Schmeichel, and manager Puel travelled to Thailand to attend Vichai's funeral. "It is something that will stay with me, unfortunately".
The sea of floral tributes placed outside the stadium in the aftermath of the tragedy had been relocated on Friday, with the help of more than 200 volunteers, to an area close to the accident site, where fans flocked before kick-off to pay their respect to those that lost their lives a fortnight ago.
Stories have emerged of his acts of generosity to the club's supporters and players and sizeable donations he made to local hospitals. It is important to honour our chairman and play a good game.