But the Chelsea boss hopes England land the tournament in 2030 - when HE aims to guide Italy to victory at the age of 71.
Ancelotti said: "The English are disappointed, but in 2012, there will be the Olympics in London.
"Maybe, in 2030, it could be in England again. I hope it will be in 2030 because, that year, Italy will win.
"Italy win the World Cup every 24 years - 1982, 2006 and 2030.
"I hope to be the coach for the Italian team that does it."
Ipswich Town boss Roy Keane added: "Apparently England had a good bid but they didn't do it. Get over it, nobody died."