The Laureus World Sports Award for Team of the Year is an award honouring the achievements of those teams who have demonstrated "supreme performance" in the world of sports. It was first awarded in 2000 as one of the seven constituent awards presented during the Laureus World Sports Awards. The awards are presented by the Laureus Sport for Good Foundation, a global organisation involved in more than 150 charity projects supporting 500,000 young people. The first ceremony was held on 25 May 2000 in Monte Carlo, at which Nelson Mandela gave the keynote speech. As of 2020, a shortlist of six nominees for the award comes from a panel composed of the "world's leading sports editors, writers and broadcasters". The Laureus World Sports Academy then selects the winner who is presented with a Laureus statuette, created by Cartier, at an annual awards ceremony held in various locations around the world. The awards are considered highly prestigious and are frequently referred to as the sporting equivalent of "Oscars".

Great Britain, represented by the British Olympic Association (BOA), competed at the 2008 Summer Olympics in Beijing, China. The United Kingdom was represented by the British Olympic Association (BOA), and the team of selected athletes was officially known as Team GB. Britain is one of only five NOCs to have competed in every modern Summer Olympic Games since 1896. The delegation of 547 people included 311 competitors – 168 men, 143 women – and 236 officials. The team was made up of athletes from the whole United Kingdom including Northern Ireland. Additionally some British overseas territories compete separately from Britain in Olympic competition.