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.
The 2006-07 ULEB Cup final loss by Lietuvos rytas to Real Madrid, and the subsequent awarding of the Euroleague berth to them because Real had already qualified for the 2007-08 Euroleague through their league position.