Team Settings : Team Options

Team Options
On the Options tab, you can change the name of a team. When you create a team, the name of the directory where the team (.vmtm) file is stored is based on the name you originally give the team. Although you can change the name of the team, the name of this file is not changed.
The path to the team’s configuration file is also displayed on this tab. By default, the team is created in the same default location as is used for creating virtual machines.