Yes. We support clubs too.

Create a team site for the club and then a separate site for each of the teams in the club.

Use our network feature to knit the teams and club together.  Each team joins the club's network by adding a 'is part of' link to the club.

This gives you the following structure:

                        club

                          |

          ---------------------------

         |               |                 |

     team1      team2          team3

News at the club level is fed into the team sites by the 'network news' feature.