The former Netherlands international believes that the Eindhoven side are no longer in the race to win the league crown following their loss against AjaxPSV lack the desire to win the Eredivisie, and feels they are now out of the title race following Sunday's 2-0 loss to Ajax at the Amsterdam ArenA.
The Eindhoven giants now trail leaders AZ by five points and Van Hanegem believes that PSV will not be able to make up the ground with only seven games remaining.
"PSV played exactly like they did under previous coach Fred Rutten. They lacked the hunger to win. It's a real shame and a missed opportunity for PSV," Van Hanegem stated in his weekly column in AD/Sportwereld.
"It's fair to say that they are out of the title race now. They simply lack the true desire to win the league title. They only have themselves to blame.
"I enjoy seeing a strong PSV, but their season is pretty much over. And I can only notice that's pretty early with seven more games to go."
PSV resume Eredivisie action on March 31 at home against VVV.