VALENCIA, Spain — America's Cup holder Alinghi has invited BMW Oracle to Geneva to negotiate the terms for the next Cup.

The Swiss champion's home yacht club, the Societe Nautique Geneve, is hopeful that American counterpart Golden Gate Yacht Club, BMW Oracle's home club, will accept a face-to-face meeting next week "to seek mutual consent to the terms" of the 33rd edition of the sailing classic.

BMW Oracle said last week that it remained committed to negotiating a conventional race with Alinghi instead of a one-off series between the two syndicates.

GGYC was still waiting to receive the invite and could not comment.

It would be the first meeting between billionaires Ernesto Bertarelli of Alinghi and Oracle head Larry Ellison since September.