TAMPA — BluePearl CEO Darryl Shaw confirmed Tuesday that he is one of the unnamed lenders to the Tampa Bay Times.
Shaw loaned the newspaper $1.5 million around July 2017. He is part of a group called FBN Partners that loaned the Times $12 million as part of a larger refinancing by the parent company.
He declined to divulge what the interest rate is on the loan but said he saw it as low-risk since the Times' building and 27 acres of land at the newspaper's printing facilities in central St. Petersburg are listed as collateral.
"It's not a decision driven by a return on investment but by a desire to be supportive of a free press," he said.
The loan was first reported by 10News WTSP.
In addition to his BluePearl veterinary practice, Shaw also is a real estate investor and owns dozens of properties in and around Ybor City, including several in the footprint of the proposed Tampa Bay Rays ballpark.
When the Times announced the partnership only four of the eight lenders were named. Those were philanthropists Frank and Carol Morsani, Tampa developer and philanthropist Ted Couch, Robert Rothman, the chairman of a Tampa investment company and part owner of the Washington Redskins, and Times CEO Paul Tash and his wife, Karyn.
Other FBN lenders have been subsequently identified, including Tampa Bay Lightning owner Jeff Vinik.