This issue is cause by a space in the path for the Cache directory for OpenJDK. Workaround:
Set a Cache Path which does not contain a space.
Run itweb-settings.exe from the installation directory openJDK
After changing to new path for the java cache , ensure the user logged in has full permissions to this path or the Management Console will still fail to launch.
For more information on this issue see: https://github.com/AdoptOpenJDK/icedtea-web/issues/184