Ahead of Sunday’s clash with Arsenal, Owen heaped praise on opposition boss Arsene Wenger for the work he has done with the Gunners but said the achievements gained by Ferguson, especially with Wenger going trophy-less for six seasons, indicates that the Scot is the best manager the Premier League has ever seen.
"Arsene Wenger is one of the best managers to have ever managed in the Premier League," said Owen.
"He has turned the club around and done fantastically well over the years.
"It just highlights what our manager has done.
"The success he has had here in such a fiercely competitive business such as this is amazing."
Owen also said that the Gunners will be targeting a big victory at the Emirates on Sunday otherwise it will be goodbye to the title race.
"Arsenal are probably thinking they have to beat us this weekend to keep their chances alive," he added.
"That is what makes it such a good game.
"We must have the attitude of trying to get three points.