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How do I change the ownership of a Team Project to another collaborator?
I was waiting for an official answer on this, but, here's my answer.
(not very elegant)
Whoever is the original owner will need to convert to a standard .prproj file and send to whomever you want to be the new owner.
They will then take the .prproj file and convert to a Team Project.
You've probably already figured this one out, but I don't like seeing zero reply's to a good question.