ANN ARBOR (WWJ) – The Detroit Economic Club headed out to Ann Arbor’s Crisler Arena Monday for its annual luncheon and there was no getting around the subject of the Wolverines’ new basketball season.

The team made it into the Final Four for the first time in 20 years but after the loss of Trey Burke and Tim Hardaway Jr. will the Wolverines go for a repeat this year?

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Athletic Director Dave Brandon tells WWJ’s Sandra McNeill that with the new freshman recruits coming in, hopes are still high.

“In college basketball, you make a living by replacing basketball players because it happens virtually every year,” said Brandon.

The Wolverines made it to the Final Four last year for the first time in decades – Brandon reflected on last season:

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“It was great, it was a terrific season, we did everything but close the deal in the final game,” he said.

“I just know that we have some very talented recruits that our coaches are very high on them and I’m sure that they are going to give us a lot of good play this season.”

As for the rumors about those Fab Five banners being raised again this year:

“We had to forfeit a bunch of games because we broke the rules and the rules say that if you forfeit games those games are loses,” said Brandon.”It’s pretty hard to celebrate loses.”

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He says it’s “difficult, virtually impossible for us to put banners up claiming we won games we didn’t win.”