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Wyrdness said:

As XII was being finished Versus was in development this was confirmed by SE themselves as both Versus and XII were PS2 games at first...


Initially, we were thinking about making FFXIII on PS2 and FFVersusXIII on a next-gen platform. Yoshinori Kitase 

Before XIV laucnhed, they they had just released FF XIII which was also delayed one year because of the Xbox version. Actually my argument is not a strawman one but one of simple observation: In recent years Square always had one Final Fantasy game released exactly at the end of each generation: IX and XII.  Versus could be the this gen's end game.

I am not trying to defend them, I am merely stating what we know. The reason they prioritised games ahead of Versus is most likely because they were far smaller productions and sure deals and Versus a risky concept. And of course everything got delayed by A Realm Reborn.

I'm sorry but reason wants it that FF Versus XIII was never a priority.