While the outbreak of the coronavirus got the Olympics rearranged, Tokyo 2020 CEO Toshiro Muto said that the event will "not be done with grand splendour".

The Games, which were originally scheduled to start next month, have now been postponed for a year in March by the International Olympic Committee (IOC) and the Japanese government.

A virtual presentation to the IOC Executive Board in Lausanne, Tokyo 2020 organisers have stated that there is a need to simplify the Games without giving details about how it would be done.

"The Games will not be a grand splendour but will be a simplified Games," said Tokyo 2020 CEO Toshiro Muto, Reuters reported.

"In order to simplify the Games, we need to review and understand international federations, NOCs, broadcasters and partners. These stakeholders must act in unison to make sure of a simplified Games."

According to Muto, there are more than 200 ideas to simplify and reduce costs for the rescheduled Games. "We have not got to the level or stage where we have concrete ideas regarding what we can do to simplify the Games," he said.

While the rescheduling of the games has cost a fortune in May, the IOC said they would be putting up to $650 million towards the re-organisation of the Games.

Muto said Tokyo 2020 were still analysing what costs the Japanese side would have to bear.

Despite all these challenges, Tokyo 2020 President Yoshiro Mori said that cancelling the Games had not been discussed. "The world has changed socially, economically and medically so we have explained (to the IOC) how we have re-planned and re-positioned our organization," said Mori, a former Japanese prime minister.

"We never discussed cancellation. It is not right to discuss based upon speculation regarding hypothetical scenarios. Therefore, our direction, our policy is to not consider, at all, the cancellation."