- 29 -
Petitioners attribute Blue Ribbon's losses to certain
circumstances beyond their control. Petitioners argue that Mr.
Abbene's profit expectations were undermined because ABC failed
to make good on its promise to provide additional film and
television work. Aside from Mr. Abbene's testimony, however, the
record contains no evidence to corroborate the contention that
ABC did in fact promise additional jobs. Petitioners further
contend that the Local 52 strike hampered Mr. Abbene's efforts to
obtain further film and television work. The Local 52 strike,
however, began in November of 1990, more than a year and a half
after the last agreement between Blue Ribbon and ABC. As
discussed supra p. 28, there is no indication that Mr. Abbene
sought further film and television work after February 1989.
Thus, we cannot conclude that the strike negatively affected the
performance of Blue Ribbon.
Petitioners further attribute Blue Ribbon's losses to the
fact that two of their prize horses suffered from injury and
illness during the years in issue. We recognize that the
injuries purportedly suffered by King Lion and Magic Moment could
have negatively affected Blue Ribbon's operations. As discussed
supra p. 24, however, petitioners failed to offer any evidence
concerning the nature or extent of the injuries suffered.
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