Leicester City chairman Milan Mandaric has ended speculation surrounding his future at Walkers Stadium.

"I am not going to leave the club. We have to look forward, re-organise and get back into the Championship," he said.

"I will hopefully learn if there have been mistakes on selection and will probably correct those and make better ones if that's needed to be done."

Leicester were relegated to League One after a 0-0 draw with Stoke on Sunday, undermining Mandaric's three-year plan to get the club back into the Premier League and prompting talk of his departure.

"I'm bitterly disappointed," he said. "The only thing we can get out of this is to become a stronger club going forward, stay united and re-organise ourselves and build a strong base.

"If people trust me I will always come through for them and I think this will be the same. If I said I didn't have regrets I would be lying to you. You don't have to be Einstein to figure out we are in the business of results and the results aren't there.

"We have to see what was done right and wrong, correct it quickly and immediately and go forward to win games and show Leicester City in a new colour."

Will Tidey / Eurosport