Borussia Dortmund, Bayern Munich, RB Leipzig and Bayer Leverkusen have come together to create a €20m (£18.3m) solidarity fund to help German clubs in the top two tiers stave off a potential financial crisis during the coronavirus pandemic.
"No club, whatever their size, scale or level of investment, can withstand a total lack of income over a period of anything between three to six months", Cormack said.
It has been nearly two weeks since major football leagues across Europe came to a halt.
In England, according to reports, the Premier League faces losing £762 million from domestic broadcast deals with Sky Sports and BT Sport.
It is therefore not hard to see why leagues are considering restarting behind closed doors, to at least guarantee revenue from broadcasters.
After all, clubs must continue during the pandemic to pay hefty player salaries. The state pays the rest, albeit limited to €4,850 per employee, a drop in the ocean for most footballers.
Newspaper Bild on Tuesday said players and club officials at champions Bayern, top of the Bundesliga when the season was halted on March 13, have accepted a 20 percent cut in their salaries.
That has not stopped them from studying the possibility of applying a temporary pay cut of up to 70 per cent to all of their first-team players for as long as the lockdown lasts in Spain, though the initial proposal has been rejected.
Borussia Monchengladbach already came up with their own initiative to slash their wage bill, whilst Werder Bremen and Schalke followed suit in the same week.
In England, some clubs are asking players to accept deferrals to wage payments.
Everywhere authorities are working to stop the whole system from collapsing.
The biggest uncertainty, though, surrounds when matches might be played again.