I had Unreal Madrid for FIFA 11 but now I have Ivory Toast Utd.
Here's a List of funny names:
BareArsealona
Sporting Lesbian
Shola Amanobodi
Bayern Neverloosen
Dyslexia Untied
Real Sosobad
Substandard Liege
FC Copenbadly
Unathletico Madrid
Just a few there