Dubbed in his own contents page as "The Athlete, The Ambassador, The Icon," he now finds himself staring down the barrel of early retirement at just 32.
For Owen the outlook appears grim.
Simply because he says "I won't lower my standards" and he still believes - after just FOUR appearances last season - he should be at the top.
The striker is unable to string two games together before breaking down in heap of squandered talent requiring urgent and extensive repair.
His influence on the field diminished during his time at Newcastle, when we saw a half-hearted player putting more effort into picking up his £108,000 per-week wages than chasing balls at St James' Park.
Tragically he's a shadow of the player he once was.
His injury record during his four-year spell at St James' Park restricted him to just 70 appearances from a possible 182 meaning he was absent for a staggering 62 per cent of games.
Hardly an ample return on the club record £17million shelled out by former Magpies chairman Freddy Shepherd in 2005.
Each goal cost the club a staggering £1.3m!
Sadly Owen still believes he can function adequately at the top level as he continues to latch on to he remnants of bygone era.
But finding a new club won't be all plain sailing.
Who would take a gamble? We hear Stoke would, but he believes he is too good for the Potters.
The problem is that Owen no longer possess a viable selling point that would merit the weekly wage he seeks.
Injury and perceptions of greed means he is no longer an attractive proposition to managers who would have been chomping at the bit for his signature five or six years ago.
Teams are now wary of his motives after he became stigmatised as a financial mercenary during his spell at Newcastle.
Still it's likely he will go in search of one last big payday before kicking the proverbial football bucket.
He says he would not be willing to swallow his pride, drop his extortionate demands and see out his remaining days at a mid-table side whilst earning a mediocre salary.
He admitted the prospect of playing regularly for an 'average' club was unappealing preferring feature intermittently and win medals for a bigger team.
The clock has run down for Owen and it's time to hang up his boots and succumb to the inevitable.
GOOD RIDDANCE!