If it is regular Mr Majestic, then I think team 2 has a very good shot at a win as both of team 2 are on a similar physical level to Superman and thus Mr Majestic. The Sentry is the first to go down. Then it's 2 on 1.
It could go either way, but Sentry claims to have unlimited strenght but hasn't proven it yet but if he does his team has a very good chance of winning.
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