However, politics may also have played a part. Artemis apparently sent team boss Paul Cayard to plead their case direct to the Italians - but it's understood a lot of the bad blood between the two syndicates is centred around Cayard. A cannier play may have been to send their respected sailing boss Percy as an emissary of peace.
So it's a moot point whether Artemis will make it to the racing in time or whether they can be any kind of a sailing force in the short time left to them. Regatta director Iain Murray was bullish earlier this week about their prospects - talking positively about the boat going in the water at the end of this week after structural testing was completed and having its first outing at the weekend.
Artemis originally decided not to take a foiling route in their design and, for whatever reason, the boat broke up after the capsize. Now they have had to re-design their boat, re-build it, sail it, de-bug it and learn how to foil it safely and consistently so they are competitive.
All by the beginning of the Louis Vuitton semifinals on August 7.
Artemis' reappearance is sorely needed to provide some variety and more two-boat racing in this regatta. However, it is more than likely their crew work and boat speed will not match that of either Emirates Team NZ nor Luna Rossa.
Nonetheless, the event needs them. Artemis have unquestionably made mistakes in design, build and sailing. Murray's efforts in forming 37 safety recommendations may have been partly motivated by getting Artemis to the start line. Team NZ, in protesting against Murray's now outlawed safety rudders, never alleged the well-respected Murray had deliberately advantaged holders Oracle with "ruddergate" - just that they had benefited from the proposal.
But now it seems that Artemis won't even be able to gain from dispensation - casting further doubt on either their participation or their competitiveness.