Trademark ripoff, no I'll pass. Misleading means a similar trademark or branding, on generally the same category of product. That that an informed person would spot the difference doesn't make it less misleading.
If the product itself is similar, I don't really care. Same jersey, no branding or other visual markers that try to trick people into thinking it's a name brand, I'm fine with it. The team name, that's hard to say since I've never wanted someone else's team on my jersey, and I think those are probably trademarked by the team? Probably also a no-go.