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Undisputed World Champion

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Undisputed World Champion - 2006/08/16 07:55 With the current state of affairs, how long will it be before we have an undisputed world champion?
I gather that by failing to sign with FIDE, Ponomariov has forfeited his right to play Kasparov in the first stage to this goal.
So now the situation is as follows - the winners of the following two matches will play one another for the title of undisputed world champion:
1. Kramnik vs Leko 2. Kasparov vs FIDE Knockout Event Winner
My understanding is that FIDE will obtain a new candidate to play Kasparov through a multistage knockout event. When will this knockout tournament occur, and is it expected to be completed and so provide Kasparov with a challenger?

-Gregory

Relevant quote from FIDE 'The winner of the final match of the World Championship shall be designated as World Champion. Following the spirit of the Prague Agreement and not later than July 2005, he shall play a match against the best rated player GM
G. Kasparov for a minimum prize fund of USD 500,000 and the winner of this match shall be declared World Champion. [...] In accordance with the Prague
Agreement, the new World Champion will play a match with the winner of the
Kramnik-Leko match for the title of the undisputed World Champion. In case this match is not organised, FIDE shall announce its new decision in due course.'

Sources:

http://chess.about.com/library/weekly/aa04a10b.htm.
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re:Undisputed World Champion - 2006/08/16 08:40 Here's the official word from FIDE regarding the World Championship:

"The Executive Board endorsed the decision of the President to cancel the Ponomariov-Kasparov 2003 World Chess Championship Match and to organize in its place the World Championship (Knock Out) tournament.
The Board noted the many efforts and concessions made by FIDE to meet the various demands of World Champion Ruslan Ponomariov and concluded that FIDE could not accept the situation where the World Champion was dictating unacceptable terms to FIDE in order to defend his title under the terms of the Prague Agreement. The Board noted with satisfaction the cooperative attitude of Grandmaster Garry Kasparov throughout the various negotiations for the Match.

The Board therefore granted anticipatory powers to the FIDE President to decide on the details of the format, which will be submitted by the
World Chess Championship Committee to enable the event to be split on the basis of two, three or four groups of 64 or 32 players each. The idea behind this proposal is to enable two, three or four possible bids for the entire knock out championship thereby spreading the costs of hosting the entire event.".
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