Business Day is reporting that the early exit of BMW Oracle from the America’s Cup could be good news for Alinghi, the defending champions from Switzerland.

Although Larry Ellison’s team had been considered a favorite, BMW Oracle lost to Italian team Luna Rossa 5-1 this past Sunday in the Louis Vuitton Cup semifinals. As a result, Alinghi won’t have to face Ellison’s team in next month’s final.

According to the report, BMW Oracle’s performance against the Italians was “flat,” despite the team’s strong desire to bring the Cup back to the U.S. and it’s strong financial backing of about $270 million.

Better luck next time guys.

– Mark Brunelli