Their 2006-07 ULEB Cup run ended in a loss in the final to Real Madrid, but since Real had already qualified for the 2007-08 Euroleague through their league position, Lietuvos rytas received the Euroleague berth that normally goes to the ULEB Cup winners.
Despite losing the 2006-07 ULEB Cup final to Real Madrid, Lietuvos rytas was awarded the Euroleague spot because Real had already secured a place in the 2007-08 Euroleague through their league standing.