The 56-year-old Rojiblancos supremo has been found guilty of devising a scheme with former mayor of Marbella Julian Munoz to divert money out of the city's public accounts
The charges related to the Rojiblancos supremo's previous stint as a lawyer for the municipality of Marbella between 1999 and 2003.
Along with former mayor Julian Munoz, Del Nido was accused of devising a scheme to divert money from the city's public accounts.
On Thursday, the 56-year-old was found guilty by a Malaga court of embezzlement and perversion of justice - but not of fraud.
Del Nido is to now stand down as Sevilla president after 11 years in charge at the Ramon Sanchez Pizjuan, during which time the club won a Uefa Cup, a Europa League and a Uefa Super Cup.
Indeed, according to reports in Spain, Pepe Castro has already got in touch with the club's ultras to back his imminent bid for the presidency.