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The club, which is the basketball section of the ASVEL multi-sports club, competes in the top-tier level French Pro A League. The club's home games are played at L'Astroballe, which seats 5,556 people.
In 2014, Tony Parker became the president of the club. In 2017, Nicolas Batum became the club's director of basketball operations. In June 2019, football club Olympique Lyonnais purchased a 25% stake in the ASVEL men's team, plus a 10% stake in the ASVEL women's team, in a deal worth around €3.7 million. The deal also included a plan for a new EuroLeague-standard arena.