Despite barely warming his seat as president of the Philippine National Volleyball Federation (PNVF), Frank Lao is taking full responsibility and accountability for the lack of financial support for the national athletes competing in the 20th Asian Games.

In a statement on Monday, Lao issued a humble apology to the Alas Pilipinas men’s squad — particularly team captain Bryan Bagunas — following his revelations about the severe lack of federation backing heading into this prestigious continental showcase.

Lao, a distinguished businessman and chairman of Strong Group Athletics, admitted that upon stepping into office last month, he inherited a depleted treasury burdened with roughly P25 million in liabilities and outstanding payables.

Compounding the crisis, financial assistance from the Philippine Sports Commission remains frozen following the suspension and withdrawal of support by the International Volleyball Federation and the Philippine Olympic Committee last June — a fallout that effectively choked off the allowances of athletes preparing for the Asian Games.

With that, Lao has begun digging into his own personal resources to settle federation debts, clear unpaid coaching salaries, and cover foreign travel expenses. In fact, before the Alas Pilipinas Men flew to Nagoya, he personally distributed P20,000 in pocket money to each player and shouldered the round-trip airfare for late addition Owa Retamar.

“As president of the PNVF, I take full accountability for what happened to the allowances of both Alas Pilipinas Men and Women squads as well as the beach volleyball teams,” said Lao, who stayed until the wee hours of Monday trying to figure out how to solve this financial crisis and stabilize the morale of the athletes competing in the Asian Games.

“After taking over the PNVF in the middle of August, we were left with nothing but more than P25 million in debt. We are now starting to pay all the coaches, settle travel trips, and clear other payables that the federation owes them.”

The PNVF had been mired in toxic leadership disputes long before Lao secured the presidency during the 10 August special elections at the Solaire Theater Southlinks Boardroom.

Yet, rather than pointing fingers or making excuses, Lao is turning the page and calling on stakeholders to rally behind the athletes.

“Ako na ang humihingi ng pasensya na nagkulang kami. Pero bigyan nyo kami ng pagkakataon na makabawi sa inyo,” Lao said, displaying a rare corporate humility in the face of an administrative mess created and left by his predecessors.

“Just give me some time po. Sa akin ito bilang presidente ng PNVF. I take this responsibility. Sorry po.”