No.You can only stop logging in, and wait till your team is deleted. Or start now a new team on new account(but I don't know if it's allowed)
This is certainly NOT allowed: as long as your current team is active, any apply for a new team will be ignored. If it is really that bad with this team, you'll have to stop loggin in for 6 to 8 weeks. After that your team will be removed, and you can apply for a new 1.
Personal note: I highly doubt you have been able to mess your team up so badly, that you wouldn't be able to fix it in the 6 to 8 weeks period you would have to wait for a new team...