3. Australia (1987 World Cup champions) in 1992 World Cup
Australia won their first ever Cricket World Cup 1987 when they defeated England in the final at the Eden Gardens, Kolkata, but couldn’t replicate their success at home in the following edition in 1992.
It was a topsy-turvy run for the co-hosts in the tournament, that begun with a loss against the Trans-Tasman rivals New Zealand and was worsened after South Africa-- who were playing their first ever World Cup, humbled them by 8 wickets in the next game.
The Aussies managed to salvage some pride thereafter by beating India by 1 run in a last-ball thriller, but further defeats at the hands of Pakistan and England accentuated the fact that the home-run was going to be a dismal one for the defending champions.
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