The former England international reacted badly to a tackle by the Spaniard towards the end of Arsenal’s 1-0 win over Stoke.
As the referee took no action, the FA could now review the footage and sanction Owen.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.