Not much. But "time" is more common in sports, while "equipe" is more common in business.
no have diference :) .... exemple: eles são integrantes de uma gangue. or eles são membros de uma gangue.
O time is for sports, or can be used generally ?
It's meanly used for sports. For general sense, you should use "equipe". Both "time" and "equipe" are interchangeable.
A team is not necessarily a sports team, in a business context you would as likely speak of members as of players.