 Complete the following phrase:  Basketball Club 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 201112 season, Žalgiris plays its home games in Žalgiris Arena, which was built just before EuroBasket 2011. The clubs name commemorates the victorious Battle of Žalgiris 