Owen announced his decision to quit the game for good with playing time limited for him at current side Stoke.
Owen has won the European Footballer of the Year award in his career, as well as several titles including the UEFA Cup, FA Cup and League Cup.
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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.