Yes, the construction does exist. As said above: an European construction, quite old and proven.
Not the cheapest construction, but with a lifetime longer tham most other valve constructions, and a capacity for flow/velocity topping other construction.
This design is particulary used for hydroelectric water plants as turbine inlet valves, and for draining of pipelines or mountain tunnel water feeding shafts for turbines.
The valve has even been used for raw sewage in large numbers in Berlin, Germany, after extensive tests, where no other valve where found 'low eneough' to fit the constricted building height for pipelines caused by city subways.
I have myself been involved with supplying theese valves as turbine inlet valves in class PN40 and PN64 up to 800mm and equipped with oil- hydraulic fallweights for abrupt emergency closing in two steps: first 80% fast rest 20% slower to avoid waterhammer.
The construction can best be shown by searching for videos on the given website. (Erhard Germany, owned by Talis)
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or.
Note: this is a 'complete true ball' construction
Competitors does exist, for instance
Also others, for instance in China.
Note: some with 'ball segment' with double eccentric movement(not a complete ball construction).