 Luol Deng's 2012 hopes are threatened by the row |
Fresh hopes have emerged of a resolution to the dispute threatening the participation of British basketball teams at the London 2012 Olympics. World governing body Fiba threatened to ban English teams after Sport England froze funding for England Basketball.
Fiba has now agreed to delay the decision until 13 July while further talks take place.
The British Olympic Association (BOA) said funding was frozen while the sport's future was being sorted out.
"We are totally committed to sending the strongest team we can to the London Olympic Games," said the BOA's Colin Moynihan.
"It is our goal that nothing should stand in the way of providing our young basketball stars of tomorrow with exposure to international competition and the opportunity to travel the road towards success in 2012.
"Good progress is now being made between Fiba, ourselves, the government and England Basketball which we believe will result in a positive outcome for the future of basketball at all levels in Britain."
GB must qualify for either the 2009 or 2011 European Championship finals in order to prove themselves good enough to play as hosts in the 2012 Olympics.
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