Simplify the following text for a Grade 8 native English-speaking person.
Original: Goodyear threatened to withdraw entirely from Formula One , an event which would have been commercially disastrous for the sport , so Ecclestone organized a meeting of team managers , Balestre , and other FISA representatives at the offices of the FIA in the Place de la Concorde , Paris , France .
Simplified: Bernie Ecclestone of FOCA organized a meeting of team managers and FISA representatives . The meeting was held at the offices of the FIA in the Place de la Concorde , Paris , France .