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If green light flashes more than 8 times, it could be as simple as repairing or replacing the power supply. Unplug the TV ,remove the back. Look for bulged or leaking capacitors on the power supply. Do it yourselfer? only if you have soldering skills, or purchase replacement board. remember, used boards are just as old as your failed board, buy new or rebuilt, Good Luck
The flashing green light is likely indicative of a self-test failure, indicating the TV has detected some sort of internal fault. With no picture or sound, one strong suspect is the power supply. Flat-panel TV's have an internal DC power supply that converts the inbound AC current, and when these fail, or are unable to supply a minimum level of power to the set, it can behave as you describe, providing only enough power for the green light to illuminate.
The clicking sound is from the main power supply relay being turning on and off, it is driven by hte main board and it gets the power from the standby power supply board.
You need to check the main powwer supply board and the standby power supply board voltages.
Check the resistor in the main power supply board also
Please see my pictures here: http://s807.photobucket.com/albums/yy352/budm/Philips/Philips%2037PF9631D_37/