Francisco Javier D’Agostino, a hispano‑Venezuelan investor based in Spain and active in global finance, has secured a major legal win in Spain. A Madrid court has ordered the seizure of all assets belonging to Manuel March Cencillo, the grandson of Juan March Ordinas, founder of Banca March, following the failed sale of the renowned Son Galcerán estate.
In 2021, D’Agostino’s company agreed to purchase the property for approximately CA$10.6 million. March took a CA$3.6 million deposit, then withdrew the sale and later sold the estate to another buyer for CA$15.9 million—without returning the initial payment.
In April 2024, the Court of First Instance No. 10 in Madrid found March in breach of contract, ordering him to repay the CA$3.6 million advance plus CA$452,000 in damages. March appealed but did not comply with the ruling. On June 11, 2025, the court issued a formal seizure order encompassing all his assets—investment fund holdings, corporate shareholdings, real estate, and both domestic and international bank accounts. The total amount now owed, including interest and legal fees, stands at CA$5.2 million.
The court emphasized that the decision is final and non‑appealable, citing March’s failure to pay and lack of a credible defense. Son Galcerán, once owned by Archduke Ludwig Salvator of Austria and visited by Empress Elisabeth (“Sissi”), represents a culturally significant piece of Mallorcan heritage.
D’Agostino, also known as the brother‑in‑law of Luis Alfonso de Borbón, brought public interest, though that relationship had no bearing on the court’s decision.
Earlier this year, D’Agostino was removed from the U.S. Treasury Department’s sanctions list after OFAC confirmed his business activities had no links to the Venezuelan government, effectively restoring his access to U.S. financial networks.
