In one of the most competitive campaigns so far, Leicester find themselves top of the table with 13 games remaining of the campaign, leading the way by five points.
They are top of a group of number clubs vying for the title this season though, with the likes of Arsenal, Manchester City and Tottenham all fighting for first place.
Manchester United meanwhile are currently facing a fight to make the top four at all, with them currently six points behind rivals City in fourth.
Aside from Spurs, all of those have arguably had disappointing campaigns, and Owen says if you take the Foxes out of the equation then the traditional top four should be asking themselves questions.
“It has to be seen that the managers of those top teams have had a bad season,” he told Fletch and Sav.
“Take Leicester City out of it, they’re still way down on their points from previous seasons.
“Apart from Tottenham, they’re all down on their points.”
Of those teams, it is Arsenal that will be the most disappointed should they fail to win the Premier League this season.
With Chelsea, Manchester United and Manchester City all having bad seasons, this was arguably the one campaign in which the Gunners could have ended their Premier League title drought.
Instead, they find themselves struggling to keep up with Leicester, and should they fail to win it the pressure may be on manager Arsene Wenger once again.