Organisers of the Tokyo 2020 Olympics and Paralympics reportedly estimate the postponement of the Games is set to cost an additional $1.9 billion (£1.4 billion/€1.6 billion).
Tokyo 2020 organisers are planning to cut the number of officials attending next year's Olympics and Paralympic Games by 10 to 15 per cent as a cost-cutting measure.
A Japanese medical expert has claimed next year's Olympic and Paralympic Games in Tokyo are at risk without a COVID-19 vaccine.
Tokyo Governor Yuriko Koike has claimed successfully holding the Olympics and Paralympics in 2021 would be a "symbol" of the world overcoming the coronavirus pandemic.
A record high of 224 daily coronavirus cases in the Olympic and Paralympic host city of Tokyo has been attributed to increased testing.
UK Sport has received an assurance of Government funding for the postponed Olympic and Paralympic Games in Tokyo next year.
Coronavirus cases in next year's Olympic and Paralympic host city Tokyo continue to rise, with the city confirming 124 cases today.
Tokyo reported 60 new cases of coronavirus today, the highest number of daily cases in the capital since Japan completely lifted the state of emergency in late May.
John Coates revealed he is confident Equestrian Australia will send a team to next year's Olympic Games in Tokyo despite the national governing body going into voluntary administration.