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That's a very interesting problem--how, might I ask, did that situation come about?
As I see it, FIRST has made no mention of "ownership" of a team--that is, the teams are by definition school clubs, rather than separate organizations, and therefore cannot be owned by anyone. For example: my school band could be sponsored by NASA, but NASA couldn't, even if they wanted to, own the band. Therefore, NASA couldn't move the band to another school.
The sponsor could, of course, pull out, and decide to sponsor another team--that's fully within his rights, but it would likely not be a fantastic public relations move, seeing as how everybody at your school would find out rather quickly that you'd been ditched, in favour of someone else.
Speaking now on higher moral ground, it wouldn't be right for any corporation to own any portion of a public school (I'll assume it's public)--and that includes everything from facilities to clubs. Neither is it very polite of them to "leave [you] out in the dark", but that's a matter for you to sort out with your sponsor, rather than an issue of corporate presence in the schools.
If no agreement can be made, and the sponsor pulls out, remember that it is very likely that your team (via the school) owns the rights to the names, insignia and other intellectual property associated with the team--so the sponsor, at another school, would certainly not be able to "assume your identity". (Though if you were, for example, the NASA Ninnies, originally, you of course would not retain the rights to the NASA part.)
That much said, does your sponsor really want to ditch your school that badly? If so, why?
-Tristan Lall
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