British basketball has ended its power struggle and now hopes to prevent an international ban on English players.
Luol Deng's 2012 hopes are threatened by the row
World body Fiba has threatened the ban from 15 June following allegations of government interference after funding to England Basketball was frozen.
But Great Britain Basketball, of which England Basketball was a part, resigned from the British Olympic Association.
The British Basketball Federation is set to take its place and hopes BOA recognition will see Fiba back down.
BBF chairman Bill McInnes told BBC Sport: "I'm still hopeful that British teams will operate this summer.
"I'm sure there's enough common sense among the authorities involved."
It is important the BOA move quickly to ensure appropriate recognition and support for the best-placed body to oversee the interests of British basketball
BOA chief executive
GBB, the official body for 35 years, said in a statement it "can no longer claim to represent the best interests of British basketball".
The federation, formed by the governing bodies of England, Wales and Scotland, is now likely to be recognised by the BOA.
The moves follow the withdrawal of funding from England Basketball, one of the constituent parts of the the BBF, which prompted the Fiba ban that could threaten Britain's place in the 2012 Olympics on home soil.
BOA chief executive Simon Clegg said there was "no higher priority" than ensuring the hosts' participation in the Games.
"With the current uncertainty surrounding the participation of a British team it is important the BOA move quickly to ensure appropriate recognition and support for the best-placed body to oversee the interests of British basketball," he said.
He also praised GBB for taking the decision to step down. "I am grateful to their leadership for taking this bold move and acting in the best interests of their sport."
"We are extremely grateful for the support and encouragement we have received from Fiba," said Clegg.
"I anticipate having discussions with the British Basketball Federation on this matter in the very near future."