Basketball Club Žalgiris (Lithuanian: Krepšinio klubas Žalgiris) is a professional basketball team that is based in Kaunas, Lithuania, and competes domestically in the Lietuvos krepšinio lyga (LKL, Lithuanian Basketball League). Founded in 1944, it is one of the oldest teams in the EuroLeague. Žalgiris is one of 11 European clubs to hold long-term licenses with the EuroLeague, which provides a guaranteed place in the regular-season phase of this league. Since the 2011–12 season, Žalgiris plays its home games in Žalgiris Arena, which was built just before EuroBasket 2011. The club's name commemorates the victorious Battle of Žalgiris (Battle of Grunwald). Both Žalgiris and Grunwald translate to "green wood".