Milan Mandaric has denied reports that he is set to leave Leicester and return to former club Portsmouth.
The Foxes chairman has been linked with a return to Fratton Park, where he spent eight years in charge before selling the club in September 2006, since the Asia Football Investments consortium took over at Leicester five weeks ago.
Mandaric still retains a stake in Leicester and has vowed to stay on as long as the new owners need him.
"I am going nowhere and I am chairman of Leicester City," Mandaric told the Leicester Mercury.
"I have always said there is no secret that I sympathise and have a good relationship with Portsmouth and their supporters, but there is nothing I can do about their situation. It is their own problems and they have to sort them out themselves. It has nothing to do with me.
"I am not leaving, I am staying here. I am not going anywhere. It would be unfair on these people because I have made my commitment to them. Why leave Leicester? I am not leaving.
"I might stay here for the next two years, it might be longer and may be a lot less than that. But I am not going to leave until these new people have a really strong relationship with the club. I am not going to leave until there has been some good transition time."